Minister: ENI, Kogas to Start Exploratory Drilling off Cyprus Soon

Reuters

NICOSIA, Sept 4 (Reuters) – Energy companies ENI and Kogas will start exploratory drilling for oil and gas off Cyprus in coming weeks, the island's energy minister said on Thursday.

Kogas and ENI, which are partners, have concessions over three offshore areas in the Mediterranean south of Cyprus.

"We are very close to starting and its a schedule which will last between 12 and 18 months, depending on the findings," Yorgos Lakkotrypis, Cyprus's energy minister, said on the sidelines of a conference in Nicosia.

He declined to be more specific about when the drilling would start.

It takes about 80 days on average for each drill to be completed, and at least four drills were expected, Lakkotrypis said.

U.S. company Noble has reported a 5 trillion cubic feet (tcf) gas find in another offshore concession south of the island.

(Reporting by Michele Kambas; editing by Susan Thomas)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Plug and Abandonment Rigger-Offshore
Expertise: Rig Instrument Tech
Location: Houma, LA
 
Packer
Expertise: Storeman|Warehouse Person
Location: Lovell
 
Drivers
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours