Cyprus Law Blog

Cyprus will press ahead with a second offshore licensing round for natural gas and may have a schedule in place by the end of this year. Cyprus’s US partner, Texas-based Noble Energy, began drilling an offshore prospect a month ago bordering two significant gas discoveries made by Israel. Licensing will also be seen as a [...]

NOBLE Energy Inc. is to begin exploratory drilling in Cyprus’ offshore Block 12 on 21 September. Block 12, located in Cyprus’ Exclusive Economic Zone, is just 12 km from Israel’s Leviathan gas field. Cyprus has signed a production-sharing contract with Noble and Noble is contractually obliged commence drilling before October. The exploratory drilling will last [...]