Link

World Class Discoveries in the Eastern Mediterranean


  • Last week, Cyprus announced a huge natural gas find in Block 10, with ExxonMobil – together with Qatar Petroleum - estimating that the ‘world-class discovery' potentially holds up to 8 trillion cubic feet of natural gas.
  • Coupled with the Block 10 discovery – and promising geology in Block 7, where an operator will be chosen this year - Cyprus may now re-look into the possibility of exporting its natural gas as LNG, rather than greenlighting an export pipeline to Egypt and the LNG plant plans there.
  • Upstream operations in the Eastern Mediterranean have begun, with test drilling some 60km south of Antalya and plans to drill in areas closer to Cyprus on the assertion that some Cypriot blocks are part of Turkey's continental shelf.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit original link

https://nrgedge.net/article/1551792748-world-class...

Eastern MediterraneanCyprusExxonAphroditeLNGIsraelEniTotal

More items from huishan


U.S. natural gas production, consumption, and exports set new records in 2019

Chevron exited Malampaya in November 2019, as part of an asset review to re-focus on shale, selling its 45% stake to local player Phoenix Petroleum that is part of the Udenna conglomerate. The natural candidate to acquire Shell's departing stake would be PNOC, which is already 10% owner of Malamp ...

Hui Shan


Posted 22 days agoLink > ProductionsupplyConsumption +7

Libya & OPEC’s Quota

Access to key oilfields and key port facilities has changed hands constantly over the past few years, resulting in a start-stop rhythm that has sapped productivity and, more than once, forced Libya's National Oil Corporation (NOC) to issue force majeure on its exports. The deal, brokered in Mosco ...

Hui Shan


Posted 1 month agoLink > Oil and Gas Industryupstreamnatural gas +8

Average U.S. construction costs for solar and wind generation continue to fall

The incident that hardened the hearts of Germany , which had become increasingly isolated over the issue of the Nord Stream 2 natural gas pipeline that connects Russia to Germany through the Baltic Sea, was the hospitalisation of Russian opposition leader Alexei Navalny. Championed by former Germ ...

Hui Shan


Posted 1 month agoLink > generationSolarElectricity +5

Fossil fuels account for the largest share of U.S. energy production and consumption

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +12
All posts from huishan