“Much of Noble’s upstream value comes from its positions in Israel and Cyprus,” writes Jean-Baptiste Bouzard, an industry analyst with WoodMac. Bouzard thinks that the acquisition will boost development plans for Noble’s Aphrodite discovery, offshore Cyprus, as well as ramping up production from its flagship assets in Israel, Tamar and Leviathan.”
Archiv: Noble Energy
Conflict-ridden Eastern Mediterranean: Syrian war, disputed waters hinder solutions for hydrocarbon resources
In the last few years hopes for the commercialization of hydrocarbon resources in the Eastern Mediterranean have dimmed as diplomatic and military tensions rise in the region along side the unending Syrian war