Xinhua: Cyprus starts new natural gas drilling in offshore field

Cyprus started a new drilling on Thursday in an offshore field prospecting for natural gas which experts believe lie in abundance under the sea in the Levantine basin of the eastern Mediterranean.

The drilling is done by a joint Italian-South Korean venture made up of ENI and KOGAS energy companies in a field of Cyprus's exclusive economic zone.

A total of four drillings have been planned by ENI-KOGAS in 2015 in two other fields for which it has acquired concessions.

Texas-based Noble Energy, in association with two Israeli state companies, has already tapped a gas field estimated to contain about 5 trillion cubic feet of natural gas in a nearby field.
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