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Oil rig in place

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05-08-2013

Oil rig in place

John Tomich, head of US Noble Energy, announced that an oil rig has arrived on location to carry out an appraisal well in Cypriot block 12 gas field.

After discovering a gross reserve of 7 trillion cubic feet (tcf) in late 2011 in A1 well in block 12, Noble will carry out an appraisal well later this month.

For this purpose ENSCO 5006, a semi submersible rig is being currently towed to block 12 after drilling an exploratory well in Israel`s “Karish” plot which revealed a gross mean resource of 1 tcf.

Addressing the ceremony, Cyprus Minister of Communications and Works, Tasos Mitsopoulos said the promotion and implementation of development projects constitutes a primary target for the government in an effort to boost the economy.
 

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