Cyprus-Forum.com

[Big Al]

I have just found this story online, if true this will be the spark that burns any hopes of unification in cyprus (not that there was much hope to begin with).....

Gas found near Cyprus reports Israeli media



By FAMAGUSTA GAZETTE ONLINE STAFF 18.JAN.09
Reports from Israel suggest that a US based drilling has company has discovered a massive reserve of gas between Israel and Cyprus.

Israeli Infrastructures Minister Binyamin Ben-Eliezer said that the find was of “historic proportions,” and that it could change the face of Israel’s economy.

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

If verified, the news will come as a welcome surprise to the government in Nicosia, which last year announced their own data indicated that there are oil and gas deposits in a sea area separating the island from Egypt to its south and Lebanon to its east.

According to Arutz 7, 87 billion cubic meters, or nearly 3.1 trillion cubic feet, of high-quality gas are estimated to be in three deposits in the Tamar Drilling site.

The gas is located 90 kilometers west of Haifa, between Israel and Cyprus, but the rights to the Cypriot drilling sites are also owned by an Israeli company.

The depth of the water above the find is 1.7 kilometers, over a mile, and the gas is located another 4.9 kilometers deep in an area 140 meters wide.

The Cyprus government signed agreements with Egypt in 2005 and Lebanon in early January this year delineating their sea boundaries in the eastern Mediterranean to facilitate future underwater oil and gas exploration.

In November the government accused Turkey of harassing two Panamanian-flagged oil research vessels in international waters.

The dispute came as little surprise to many political commentators, some of whom have long predicted that oil and gas exploration by either side would stoke tensions in the region.

Turkish Cypriots have strongly objected to any exploration by the Greek Cypriots and said that any natural reserves discovered belong to both sides.

Some studies suggest that there could be undersea reserves of up to eight billion barrels of crude oil off Cyprus.
- Copyright © Famagusta Gazette 2009

[Kikapu]

I do not see any connection to the above story and the thread title.!

Can you please enlighten us, Big Al.!

[Paphitis]

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Noble Energy is the company that has signed a deal with the RoC over exploration rigths.

[vaughanwilliams]

When it comes to oil and/or gas the USA will always have an interest. Up till now the US didn't want to get too involved with the Cyprob - see what happens now.

[Oracle]

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Noble Energy is the company that has signed a deal with the RoC over exploration rigths.

Did we send a decoy to keep the Turkish warships busy in the west coast, whilst all the while we had contracted for explorations in the east coast?

[Paphitis]

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Noble Energy is the company that has signed a deal with the RoC over exploration rigths.

Did we send a decoy to keep the Turkish warships busy in the west coast, whilst all the while we had contracted for explorations in the east coast?

We are a clever bunch.

I for one am so excited about Nob le Energy and their massive Oil and Natural Gas find within our EEZ.

I wish I had shares in Noble Energy.

[humanist]

The oil found belongs to the Republic of Cyprus it is south of the green line and as long as the TC's do not recognise the republic of Cyprus as the legitimate country they have no rights to oil and therefore no profits. When the TC's come around and unify under a federal republic of the United Sates of Cyprus. Where all Cypriot are given back their rights to ownesrship of property then everyone ought ot share in the profits.

[Oracle]

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Noble Energy is the company that has signed a deal with the RoC over exploration rigths.

Did we send a decoy to keep the Turkish warships busy in the west coast, whilst all the while we had contracted for explorations in the east coast?

We are a clever bunch.

I for one am so excited about Nob le Energy and their massive Oil and Natural Gas find within our EEZ.

I wish I had shares in Noble Energy.

We have a share in our country's good fortunes and (a free) future ...





Everything we do, in unison, is for the one ultimate goal .... remove the Turks!

[Paphitis]

The oil found belongs to the Republic of Cyprus it is south of the green line and as long as the TC's do not recognise the republic of Cyprus as the legitimate country they have no rights to oil and therefore no profits. When the TC's come around and unify under a federal republic of the United Sates of Cyprus. Where all Cypriot are given back their rights to ownesrship of property then everyone ought ot share in the profits.

Even if the oil was found North of the Green Line, it still belongs to the RoC.

[Paphitis]

Arutz 7 Radio reports that the Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.

Noble Energy is the company that has signed a deal with the RoC over exploration rigths.

Did we send a decoy to keep the Turkish warships busy in the west coast, whilst all the while we had contracted for explorations in the east coast?

We are a clever bunch.

I for one am so excited about Nob le Energy and their massive Oil and Natural Gas find within our EEZ.

I wish I had shares in Noble Energy.

We have a share in our country's good fortunes and (a free) future ...





Everything we do, in unison, is for the one ultimate goal .... remove the Turks!

With the Americans finally on side, through Noble Energy, things are finally looking up for Cyprus. I would like to see a Turkish warship harrassing a Noble exploration vessel in our EEZ. I am sure the US 6th Fleet wouldn't be too impressed.

At the very least, Cyprus is set for a very an even more prosperous future, with or without the TCs.

I am very happy for you guys. Soon you will have every major Oil Exploration company knocking on the door of the Presidential Palace.