Noble’s Cyprus Gas Find May Be Complicated by Turkey
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Noble Energy Inc.’s plans to develop as much as 8 trillion cubic feet of natural gas off the coast of Cyprus may be complicated by a dispute with Turkey over development of the field.
The discovery may hold 5 trillion to 8 trillion cubic feet of gas, Houston-based Noble Energy said today in a statement. The field, which lies in the Mediterranean Sea between Cyprus and Israel, covers 40 square miles (100 square kilometers) and requires more appraisal before development, the company said.