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Cyprus gas drill

Cygas

Noble Energy partners in Cyprus` block 12, Delek Drilling and Avner, announced that a decision to perform a production test, the so-called drill stem test, at Aphrodite A-2, located in Block 12 in Cyprus` EEZ has been approved.

A press release by the two companies notes that an estimated budget for the production tests (100%) is approximately $64 million.

Production tests are expected to start in the coming days and last for approximately a month, ther release reads.

A drill stem test (DST) is a procedure for and testing the pressure, quality and productive capacity of a geological formation during the drilling of a well.

Exploratory drilling carried out by Noble energy in 2011 revealed an estimated resource of 5 trillion cubic feet (tcf) to 8 tcf, with a mean of 7 tcf. Noble Energy began an appraisal well last June, with results expected late September.

Noble Energy operates Block 12 with a 70 percent working interest. Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership each own 15 percent. On June 26, Cyprus government, Delek and Avner signed a Memorandum of Understanding (MoU) with regard to the construction of a Liquefied Natural Gas (LNG) terminal in the Cyprus

– financialmirror.com

 

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