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Gas companies declare Cyprus gas field 'commercially viable'
Previous companies had denied they would be able to drill in the Aphrodite gas field in the Mediterranean seaA consortium of companies have declared a gas field off the coast of Cyprus “commercially viable.”
The Aphrodite gas field, estimated to contain around 127.4 billion cubic metres of gas, was first discovered by US gas company Noble Energy International in 2011.
The Cyprus Energy Ministry announced the viability of the field on Sunday, and said a development and production plan would be submitted.
"Noble Energy International, Delek Drilling and Avner Oil Exploration, holders of a licence for the exploration of hydrocarbons in Block 12 of Cyprus's Exclusive Economic Zone (EEZ), have declared commerciality of Aphrodite," the energy ministry said in a statement.
- See more at: http://www.middleeasteye.net/news/gas-companies-declare-cyprus-gas-field-commercially-viable-784272572#sthash.mITK65lh.dpuf
