10 Okt We have a rig on location at Canada Goose Parka the Cyprus A
Noble to start gas drilling off thecanadagooseoutlet Cyprus in days
company Noble Energy will start drilling at its natural gas field off the coast of Cyprus within days, the company said on Monday.
The field is in waters that are buy canada goose jacket the focus of an escalating dispute between Cyprus and Turkey over offshore gas resources.
are aware of the situation in the Mediterranean. We have a rig on location at Canada Goose Parka the Cyprus A field and our plans are to proceed with drilling that well. Drilling is expected to begin within days, certainly within buy canada goose jacket cheap a cheap Canada Goose week, depending cheap canada goose uk on how long it canada goose clearance takes to prepare the rig, David Larson, vice president, canada goose store investor relations at Noble Energy in Houston, told Reuters.
Turkey has threatened to give naval escorts to Turkish exploration vessels off Cyprus unless the Greek Cypriot government halts plans for Noble Energy to start drilling for natural gas at its Cyprus A gas field Canada Goose Online this month.
The Cyprus A gas field, also Canada Goose sale known as Aphrodite, contains an estimated 10 trillion cubic feet (tcf) of gas reserves, according to Cypriot energy officials.
and licence holder canadian goose jacket Noble canada goose Energy are so far holding firm on the end uk canada goose outlet September schedule for drilling, with major resources at stake as well as a point of principle over the sovereign rights of the Canada Goose online Cypriot government to operate as it sees fit in its Exclusive Economic Zone (EEZ), analysts at IHS said in a research note.
But IHS added that has said that any drilling in Cyprus offshore will force it and its partners in Northern Cyprus to delineate an agreement on canada goose coats the EEZ of the north of the island, which could see competing claims for acreage and further threats of naval deployments, with the potential for escalation without early canada goose uk shop outside mediation.
Analysts also said that the dispute could still cause delays to gas drilling.
dispute could provoke operational delays in the early stages of drilling, David Lea, analyst at London based Control Risks said.
In 2010, the Cypriot and Israeli governments signed an on the delimitations of the Canada Goose Coats On Sale exclusive economic zone between the two countries, which sets the maritime borders and the respective rights to explore natural resources within them by a median line.
The two countries and their main corporate partners, Noble Energy and Israel Delek Group, are in well advanced consultations to jointly access energy reserves.
Noble Energy says that the eastern Mediterranean gas finds have been canada goose uk outlet the world biggest deepwater gas discoveries in the last decade, with a total of at least 25 tcf of gross mean resources.
Based on recent exploration, Noble Energy achieved consecutive canada goose uk black friday successes based on geologic model and 3D interpretation, the company said canada goose factory sale in a presentation in September.
The four sites are Israeli claimed Dalit, Tamar, and Leviathan, as well as Cyprus A, claimed by the Republic of Cyprus.
The tension between Cyprus and Turkey is canada goose coats on sale mostly down to the division of the island canada goose black friday sale into the southern Republic of Cyprus, an EU member state, and the Turkish Republic of Northern Cyprus, a state only recognised by Turkey.
Cyprus was split in a Turkish invasion in 1974 triggered by a Greek inspired coup.
Turkey argues that any Cypriot natural resources have canada goose clearance sale to be shared by the whole island, and Ankara rejects any delimination of maritime waters, threatening itself to declare a 200 uk canada goose nautical mile exclusive economic zone, which would reach far into the waters deliminated by Cyprus and Israel, and drill for gas there itself.
However, industry sources said that Turkey oil and gas company TPAO, which would likely be charged with the drilling, lacks the financial or technical resources to explore the deep waters in the region.
Analysts also said that the waters Canada Goose Outlet off the shores of northern Canada Goose Jackets Cyprus looked much less promising than those already explored by Noble Energy and Delek. (Reporting by Henning Gloystein in London and Edward McAllister in New York; additional reporting by Michele Kambas in Nicosia and Oleg canada goose parka Vukmanovic in London; Editing by Anthony Barker).