Noble plans offshore Cyprus gas drilling by year's end

摘要

U.S. energy company Noble said it will commence drilling offshore Cyprus for gas by the end of this year and is encouraged by initial indications of deposits. Noble has a concession to explore for hydrocarbons in a field south east of the Mediterranean island, close to major discoveries it made off Israel in 2009 and 2010. Exploration work off Cyprus will be the first attempt by the east Mediterranean island to tap hydrocarbon reserves.