Nobel Company informed that from 5 to 8 trillion cubic feet gas has been found last month. This huge amount of natural gas will make Cyprus self sufficient for decades.

The second round of exploration is expected to be finalised in coming weeks. Terry Gerhart, vice president for international operations said, ‘At this point we are analysing the data which is out there. We haven't made a commitment yet but we are looking at the data and if we see something that looks encouraging we would certainly look forward to participating."

The drilling in Greek Cyprus annoyed Turkey and North Cyprus.

"We proposed either waiting for a (reunification) solution or working together on oil and gas exploration. They refused both, so we're going ahead with our own," Dervis Eroglu’s spokesperson Osman Ertug said, ‘We proposed either waiting for a (reunification) solution or working together on oil and gas exploration. They refused both, so we're going ahead with our own.”