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Tagsblock 12
Ministries seek gas extraction timeline
STARTING today, the government is beginning an “intensive dialogue” with Noble Energy on how and when natural gas from Block 12 can be extracted and brought onshore, Commerce Minister Neoclis Sylikiotis said yesterday.The talks with the US company are expected to last two to three months, the minister said after a meeting with the board of directors of the electricity authority (EAC) and the chairman of the Natural Gas Public Company (DEFA).“Through this dialogue all the matters relating to planning for the advent of natural gas are to be straightened out,” said Sylikiotis... Read on
Gas estimate revised down
THE ESTIMATED amount of natural gas reserves within the Block 12 concession, operated by Noble Energy, has been revised downwards by an independent consulting company.Netherland Sewell & Associates Ltd (NSAI), a Texas-based oil and gas consulting firm, gives a best estimate of 5.1 trillion cubic feet (tcf) of gas with a probability of 50 per cent, the Israeli news website Globes reported yesterday.According to the NSAI’s assessment, “Block 12’s two reservoirs have a best estimate of 1.7 tcf and 3.4 tcf of gas, respectively, of proven reserves, based on the exploratory Aphrodite A-1 well... 4 comments
