Noble Energy defies Turkey in Cyprus drilling
Drilling has begun in Cyprus's Block 12 license. Noble Energy: If we find gas, development can be complete by 2014.
19 September 11 09:59, Amiram Barkat
US company Noble Energy Inc. (NYSE: NBL) has started drilling in Cyprus's Block 12 license. At the start of the month, the Turkish government threatened to send the Turkish navy to Cyprus if the latter continued with its plan to drill at the location. However, Noble Energy, a partner of Israeli companyDelek Group Ltd. (TASE: DLEKG), began drilling today, ten days before the end of the period stipulated in the agreement between it and the Cypriot authorities.
More:Noble Energy defies Turkey in Cyprus drilling - Globes
