Cyprus-Forum.com

[kurupetos]

... yeah? Don't stop.

that's enuf punishment for him.

Arsenal vs. Manchester City 0-2

Oops, wrong topic!

[denizaksulu]

... yeah? Don't stop.

that's enuf punishment for him.

Arsenal vs. Manchester City 0-2

Oops, wrong topic!

Admin ban KPNut. Wrong topic!

[bill cobbett]

Yes... thank you for the football news... but if we could try and stay on-topic in this important matter pleeeeese...!!!

Brrr...

The Homer Ferrington is staying in the Israelli EEZ for the next few weeks and is now scheduled to start drilling again at the massive Israeli Leviathan discovery.

The intent is to deepen the Leviathan 1 well in a search for the oil that's widely believed to underlie the gas at much deeper levels.

... which is of interest to CY cos if they succeed in proving the prospect of oil at Leviathan... then we can start to get a little excited about a similar oil prospect at the deeper levels at the CY part of the Aphrodite field.

Homer F is promised to drill a second appraisal well at CY Aphrodite in the Spring.

[Demonax]

Italy's ENI expects to drill for gas off Cyprus next year

(Reuters) - Italian energy company ENI will start exploratory drilling for natural gas off Cyprus in the second half of 2014, its chief executive said on Thursday.

ENI signed an exploration and production-sharing contract with the Cypriot government in early 2013 to search for hydrocarbons in three offshore areas.

Paolo Scaroni, ENI's chief executive officer, said the company would launch an exploratory drilling in one offshore block next year.

"We are focussed on gas, and we believe it is gas, but it might very well be oil as well," Scaroni told reporters after meeting senior Cypriot government officials and the president.

There have been huge natural gas finds in the eastern Mediterranean in recent years. Cyprus, which required an international financial bailout earlier this year, is keen to get revenue from gas flowing as soon as possible.

U.S. based Noble Energy is conducting an appraisal drill off the island to verify 2011 finds of a reservoir containing 5 to 8 trillion cubic feet of gas.

Noble's concession areas lies just south of the area that ENI plans to explore next year.

France's Total has also signed a production-sharing contract for offshore exploration with the Cypriot government.

The U.S. Geological Survey has estimated that the Levant Basin, which lies largely in Cypriot and Israeli waters, holds around 3.5 trillion cubic metres of recoverable gas.

http://uk.reuters.com/article/2013/07/1 ... ilingsNews