Middle East Economic Survey


No 39


MEES Agenda

Turkey Reacts As Noble Starts Drilling Offshore Cyprus

US independent Noble Energy on 20 September started drilling in Block 12 in the Cyprus exclusive economic zone (EEZ), using the Homer Ferrington semisubmersible drilling rig. The Houston-based company’s action defied demands by Turkey that drilling in Cypriot waters be delayed until a long-sought political settlement for the divided island be reached. The well...