by kimon07 » Thu Sep 12, 2013 9:53 am
THE long-awaited offshore natural gas production test got underway yesterday and the flame was finally ignited following the repair of a glitch that temporarily halted the process last week.
Charles Ellinas, chairman of the Cyprus National Hydrocarbons Company, said that what is known as a drill stem test at the Block 12 concession operated by US-based Noble Energy, started yesterday morning.
http://www.cyprusgasnews.com/archives/3357
by kimon07 » Thu Sep 12, 2013 9:55 am
Cyprus is making headlines these days due to its centrality in the EU banking and debt crisis, but it’s also one of the few areas in Europe where potentially vast unexplored natural gas reserves are to be found offshore.
In a recent international energy seminar organized by the Greek Institute of Energy of South East Europe (ΙΕΝΕ), interesting facts and data were presented by scientists and market experts that shed light to a series of fascinating developments that will shape to an extent the energy game in Europe.
Presently six sea blocks of Cyprus have been awarded for research to international companies (Blocks: 2, 3, 9, 10, and 12). The President of the Cyprus agency for hydrocarbons (KRETYK), Charalambos Ellinas, stated that his organization estimates around 40 trillion cubic feet could be found only in these 6 blocks and that by 2020 the country could export around 2 trillion cf per annum to world markets, an impressive amount, enough to cover the needs of a country like France. Already French Total, Italian Eni and Korean KOGAS have bought research and exploration rights and Noble Energy in Block 12 has made the first discovery of an estimated 3.5 TCF. The total capital expenditure for the six blocks over the coming years is estimated at $2 billion and Ellinas also commented that his agency assumes that block 9 (to be researched by Total) most probably contains twice as much gas as the 12 one.
by kurupetos » Thu Sep 12, 2013 10:24 am
kimon07 wrote:kurupetos wrote:B25 wrote:Hardly, more like puts a souvla across the flame!!
So much heat shouldn't go to waste!
Put the meat back into the fridge.
It's been posponed for tomorrow
by kurupetos » Thu Sep 12, 2013 10:25 am
bill cobbett wrote:Do so hope the CY Media have got their act together and get us a picky of the flame.
by DT. » Thu Sep 12, 2013 12:46 pm
by Get Real! » Thu Sep 12, 2013 12:59 pm
DT. wrote:http://www.sigmalive.com/news/local/64699
It gets ignited at 1:25
Guess we're in the oil and gas business now.
by Get Real! » Thu Sep 12, 2013 1:00 pm
by GreekIslandGirl » Thu Sep 12, 2013 1:18 pm
Get Real! wrote:“ENI Eyes Transporting Israeli Gas to Cyprus”
http://www.energytribune.com/79139/eni- ... tNj9V.dpbs
by kimon07 » Thu Sep 12, 2013 2:19 pm
bill cobbett wrote:Do so hope the CY Media have got their act together and get us a picky of the flame.
by Get Real! » Thu Sep 12, 2013 2:21 pm
GreekIslandGirl wrote:Get Real! wrote:“ENI Eyes Transporting Israeli Gas to Cyprus”
http://www.energytribune.com/79139/eni- ... tNj9V.dpbs
Out of all Europeans available, the Italians should be the last people we should allow to get involved with Cyprus' affairs.
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