Houston-based Noble Energy has announced that Cyprus Block 12 gross resources are estimated at 3-10 Trillion cubic feet (tcf) with a 60% probability of geologic success. Exploratory drilling in Cyprus` block 12 began on September 18.

“Drilling is underway at the Cyprus A prospect which has an estimated gross mean resource range of 3 to 9 Tcf and a 60 percent probability of geologic success,“ Noble said in a statement, issued Tuesday, on the Company`s current operations, future plans and operational outlook.

Cyprus Minister of Commerce, Industry and Tourism Praxoulla Antoniadou has said the government will proceed with the second licensing round for additional blocks in its EEZ, adding that first indications from the exploratory drilling in block 12, which began on 18 September, will be ready by mid December.