Noble Energy Encounters Recoverable Gas Offshore Cyprus

US-based Noble Energy announced that one appraisal well drilled at Block 12 offshore Cyprus has encountered approximately 120 feet of net natural gas, reads a note released on Thursday. 

“Results from the Cyprus A-2 well have confirmed substantial recoverable natural gas resources and high reservoir deliverability. While the A-2 location has successfully defined the northern area of the discovery, we anticipate additional appraisal activities are necessary to further refine the ultimate recoverable resources and optimize field development planning,” commented Keith Elliott, Noble Energy’s Senior Vice President, Eastern Mediterranean.

Noble Energy operates Block 12 offshore Cyprus with a 70% working interest.  Delek Drilling and Avner Oil Exploration each have 15% working interest.

Evaluation of drilling data, wireline logs and reservoir performance information has resulted in an updated estimate of gross resources of the field ranging from 3.6 trillion cubic feet (Tcf) of natural gas to 6 Tcf, with a mean of approximately 5 Tcf.  The Cyprus A structure represents the third largest field discovered to date within the Deepwater Levant Basin.