East Med presses upstream buttons
Six Eastern Mediterranean states will be drilling for hydrocarbons in 2019, but, as always, the politics is complicated
The impending results of two drilling campaigns have the potential to super-charge the East Mediterranean as a world-class hydrocarbons province. Egyptian officials have suggested that the gas in place at the offshore Nour field could exceed that of the country's mega-giant Zohr field—at least 30tn ft³, or 850bn m³, the biggest discovery yet in the East Med. Eni is dampening expectations of current drilling there, referring to Nour in its recent third-quarter results presentation only as a "sizeable prospect". In Cypriot waters, ExxonMobil is drilling in Block 10, targeting the same carbonate layer as in the Zohr discovery. "There are few regions in the world where so much activity is concen
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
