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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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Cyprus offshore hydrocarbon exploration blocks. The study is a part of of a larger report that will further take into account the changing dynamics of the regional and global gas markets, giving a comprehensive view of the implications for the long-term development of natural gas in Cyprus and other like nations. Paltsev et al.

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Noble Energy makes another natural gas find offshore Israel; total gross mean Levant gas resources now estimated at 38 Tcf

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The discovery well was drilled to a total depth of 15,783 feet (4,811 meters) and encountered 184 feet (56 meters) of net natural gas pay in high-quality lower Miocene sands. The Ensco 5006 rig drilled the Karish well and will relocate to Cyprus where it is scheduled to spud an appraisal well at the Cyprus A discovery next month.

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