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Noble’s Cyprus Gas Discovery May Be Disrupted by Turkey
Dec. 28, 2011 03:03PM PST
Oil and Gas InvestingBloomberg reported that Noble Energy Inc.’s (NYSE:NBL) natural gas development plan off the coast of Cyprus may be disrupted by Turkey.
Bloomberg reported that Noble Energy Inc.’s (NYSE:NBL) natural gas development plan off the coast of Cyprus may be disrupted by Turkey.
As quoted in the market news:
The discovery may hold 5 trillion to 8 trillion cubic feet of gas, Houston-based Noble Energy said in a statement today. The field, which lies in the Mediterranean Sea between Cyprus and Israel, covers 40 square miles (100 square kilometers) and requires more appraisal before development, the company said.