Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

  • 8 August 2019 New criteria for passport scheme

    New criteria for those wishing to obtain a Cyprus passport through the much... read more

  • 31 July 2019 This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 31 July 2019 Continuation of previous article This is the new Mortgage Policy Beneficiaries Boards

    Ministry of Foreign Affairs: Government's aim is to produce 'affordable housing' read more

  • 22 July 2019 Massive rise in new home construction

    The number of building permits authorised for the construction of new homes... 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/