Business | Daily | Tourist
INFORMATION SERVICES

NICOSIA — Cyprus’ Energy Ministry says an Italian-South Korean consortium has failed to find natural gas at a second offshore site where it has carried out exploratory drilling.

The ministry said that a rig owned by the Eni-Kogas consortium drilled to a depth of 5,485 meters (18,000 feet) in an area off the east Mediterranean island’s southern coast but didn’t discover any “exploitable concentrations of hydrocarbons.”

The same consortium said in December that it didn’t find any gas at another site. The ministry said the consortium will review procedures in order to help with its future gas search plans.

This result comes on top of an announcement by France’s Total in January that its own gas search off Cyprus hadn’t turned up any potential fields to warrant drilling.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    August 20, 2017, 7:05 am
    Clear
    Clear
    26°C
    real feel: 25°C
    current pressure: 1010 mb
    humidity: 31%
    wind speed: 3 m/s N
    wind gusts: 3 m/s
    UV-Index: 0
    sunrise: 6:45 am
    sunset: 8:12 pm
     
  • Currency