Noble to Start Gas Drilling Off Cyprus in Days

Reuters reported that Noble Energy (NYSE:NBL) plans to commence drilling at its natural gas field off the coast of Cyprus within days.

The market news is quoted as saying:

The field is in waters that are the focus of an escalating dispute between Cyprus and Turkey over offshore gas resources.

“We are aware of the situation in the Mediterranean. We have a rig on location at the Cyprus A field and our plans are to proceed with drilling that well. Drilling is expected to begin within days, certainly within a week, depending on how long it takes to prepare the rig,” David Larson, vice president, investor relations at Noble Energy in Houston, told Reuters.

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