Noble’s Cyprus Gas Discovery May Be Disrupted by Turkey

Dec. 28, 2011 03:03PM PST

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.

Click here to read the full Bloomberg report.