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  • 13 May 2019 Petrolina will move storage units by years end

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  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Lit the flame in Block 12 of the Cyprus EEZ

The next day, chronologically place the lighting of the flame at noon plot within the Exclusive Economic Zone of the Republic, the partners of U.S. giant Noble Energy, ie Delek Drilling and Avner Oil.

According to a joint statement signed by the two companies, the decision to production test drilling was yesterday, in consultation with the heads of the managing company.

The production tests are expected to last for one month, while the cost is estimated at $ 64 million.

Israeli media broadcast that Noble estimates that production rates during the test will arrive daily, 60 million cubic feet of natural gas.

The test conducted by the platform ENSCO 5006, which is the piece Venus since last June and performs work for the purposes of confirmatory drilling, the results of which are expected from the government side with increased interest.

Recalled that the Minister of Energy George Lakkotrypis had first announced the lighting of the flame plot noon, on Wednesday, informing about developments in energy conference of expatriates.

The lighting of the flame is the control indicator for the pressure, and the quality of the natural gas deposit in the plot Venus.

These developments will be parallel to the other plots in the exclusive economic zone of Cyprus.

In parts two, three and nine, for which permission was given to the research consortium of Italian Eni and the Korean Kogas, starting in September seismic surveys and exploratory drilling are expected in last quarter of 2014.

In ten eleven a.m. pieces that have given the French Total has begun seismic surveys and exploratory drilling are placed in the second quarter of 2015.

The Total will investigate the block first ten oil and then to natural gas, a process also important as any oil fields will mean that oil has all the Levantine basin.

 http://www.ant1iwo.com/oikonomia/2013/08/24/ananei-h-floga-sto-oikopedo-12-ths-kypri/