Cyprus President Demetris Christofias announced that the results of Noble Energy`s exploratory drilling in Cyprus` block 12 are positive, describing the discovery of hydrocarbons as historic for the island.
In a televised address on Wednesday, Christofias said that Noble discovered 310 feet of net natural gas pay, adding that the drilling reached a depth of 19,225 feet in water depth of about 5,540 feet.
“The initial data that emerged from the exploratory drilling and the evaluation checks carried out indicate the existence of a natural gas reservoir ranging from 5 to 8 trillion cubic feet (tcf) with a gross mean of 7 tcf,“ he added.
(source: cna)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
