Drilling for Natural Gas starts in September

The extraction process for natural gas in the Exclusive Economic Zone of Cyprus will start as early as this September, sooner than originally expected after the Cabinet’s decision to release Noble Energy from the requirement to call tenders for the provision of equipment. According to an article in Politis newspaper Noble Energy will use the same rig which was used to drill in Israel, saving both time and millions of euro. More progress is expected this week during which President Christofias, will have meetings with senior executives from Noble Energy.