Undiscovered Oil and Gas Resources in the Eastern Mediterranean

According to a 2010 assessment by the U.S. Geological Survey (USGS), the hydrocarbon potential of the Nile Delta Basin Province (bounded by the Nile Cone to the west, by Strabo to the north, by the Pytheus and Cyprus Trenches to the east and by the Levant Basin to the south) is estimated at 1.76 bbl, and 223 tcf of natural gas. According to the same source, the hydrocarbon potential of the Levantine Basin amount to 1.68 bbl, and 122 tcf of gas.

Source: MCIT, 2012 presentation

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Constantinos Taliotis

Partner - Assurance, In charge of Energy Team, PwC Cyprus

Tel: +357-22555000

Andri Hadjikkou

Director - Assurance, PwC Cyprus

Tel: +357-22555530

Lisa Anne Ioannou

Director - Assurance, PwC Cyprus

Tel: +357-22555540

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