Wednesday, September 21, 2011

Greek Cypriots Start Oil Drilling In the Eastern Mediterranean

The Greek Cypriot administration is reported to have started drilling for oil in the Eastern Mediterranean.

The Israeli media say that the Israeli partnered American company Noble has started exploration on Monday.
According to the Globes website, the company Noble has started drilling for natural gas with ten days to go before the expiry of the agreement it struck with the Greek Cypriot administration.
A Greek Cypriot news agency has said that the company employees were carried by helicopter to a platform set up in the region from Limasol.
Turkey has earlier warned that if southern Cyprus were to launch drilling activities in the region, it was going to sign a continental shelf agreement with the Turkish Republic of Northern Cyprus.