Platts' The Barrel: The Eastern Mediterranean Basin Showing Promise for Oil, Gas: Fuel for Thought

Ask an oceanographer about the Eastern Mediterranean Basin, and he might mention a sea-floor dotted with mud volcanoes spewing gas and sometimes oil into the benthic environment.

Ask a geologist, and she may wax lyrical about sediment columns up to 12 km thick, generously capped by “evaporite,” i.e. dirty rock salt.

Both sets of observations have led to speculation that the entire region bounded on three sides by the politically fractious arc of Greece, Turkey, Syria, Lebanon, Israel and Egypt may be a cache for gigantic oil and gas deposits trapped in generous formations of porous carbonate rock beneath impermeable salt.

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