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Noble Energy’s Cyprus Drilling Beat Expectations, Politis Says

By Stelios Orphanides
December 21, 2011 5:54 AM EST

The results of Noble Energy Inc. (NBL)’s exploratory drilling for oil and gas in Cyprus’s Block 12, which began in September, exceeded expectations, Politis reported today, without saying where it got the information.

The hydrocarbon reserves in Block 12 are comparable to those of Israel’s Leviathan site or larger, the Nicosia-based newspaper said on its website.

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To contact the reporter on this story: Stelios Orphanides in Nicosia at

sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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