Cyprus: Initial Offshore Drilling Finds No Gas

December 19, 2014 5:54 PM

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Cyprus' Energy Ministry says initial exploratory drilling by an Italian-Korean consortium off Cyprus' southern coast has failed to find significant quantities of gas.

The ministry said Friday that the SAIPEM 10000 rig belonging to the Eni-Kogas consortium drilled to a depth of 5,800 meters (19,000 feet) without success.

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