December 12, 2013
NICOSIA, Cyprus (AP) — A top official with United States firm Noble Energy says a field it is conducting undersea exploratory drilling in off the coast of Cyprus may contain between 3 to 9 trillion cubic feet of natural gas.
Noble Senior Vice President Susan Cunningham says there is a 60 percent chance it will successfully reach the deposit.
Cunningham was speaking during an analyst conference on Tuesday at Noble's Houston headquarters broadcast live through the firm's Website.
It is the first time Noble has given an estimate on the size of the deposit which lies about 185 kilometers off the Mediterranean island's south coast.
By comparison, Noble said an Israeli field discovered nearby last year had an estimated 16 trillion cubic feet of gas -- the world's largest offshore gas discovery.