Middle East Economic Survey


No 45



Noble Energy To Drill Offshore Cyprus After October 2011 Under PSC Terms

MEES learns that Noble Energy is obliged under its production sharing contract (PSC) with the Cyprus government to drill one well in Block 12 between October 2011 and October 2013. The Houston-based firm is operator of Cypruss offshore Block 12, which lies less than 100 km from Israels Leviathan structure, where Noble spudded its first well in the prospect...