Middle East Economic Survey


No 47


East Mediterranean Energy Potential Under Spotlight At Cyprus Conference

With Noble Energy’s drilling results on a Cyprus offshore gas prospect soon to be released, and the island gearing up for a second bidding round, interest is growing in the Eastern Mediterranean as a source of energy. Noble spudded its first well on Block 12 on 20 September and drilling is expected to conclude by mid-December (see page 14). This leaves 12...