The Cyprus-U.S. Chamber of Commerce honored Noble Energy and Charles D. Davidson, Chairman & CEO, with the organization’s 2012 Distinguished Merit Award during a special banquet, held recently at the New York Hilton. A number of dignitaries attended the event and Nicole Petallides, FOX Business Network Anchor, was the Mistress of Ceremonies.
Bestowed annually, the Award honors corporations and individuals who have raised the profile of Cyprus and made an extraordinary contribution to Cyprus-U.S. relations through their business endeavors. Noble Energy (NYSE: NBL) is an independent energy company engaged in worldwide oil and gas exploration and production. In addition to significant operations onshore in the U.S., in the deepwater Gulf of Mexico and offshore West Africa, Noble Energy is the leading E&P operator in the Eastern Mediterranean, having discovered an estimated 35 Tcf of natural gas resources in the Levant Basin located offshore Cyprus and Israel. These discoveries include an estimated gross mean of 7 Tcf offshore Cyprus.
“On behalf of Noble Energy, I am delighted to receive the 2012 Award from the Cyprus-United States Chamber of Commerce,” Mr. Davidson said. “It’s not very often you get to be part of an exploration venture that has the potential to dramatically change a country’s energy supply. We are extraordinarily proud of the cooperative effort between Noble Energy and Cyprus that will allow us to apply our sophisticated technology in an effort to move Cyprus closer to energy independence.”
“We are very excited about the 2012 Awards Dinner event, and truly proud to have Mr. Davidson as our 2012 Award recipient,” said Mr. Vassos Vassiliou, President of the Cyprus-U.S. Chamber of Commerce. “Noble Energy’s contribution to the development of Cyprus’ economy is immensely important and extends beyond assisting the island in becoming energy independent. These natural gas discoveries are going to drive international investors to position themselves firmly as this new era unfolds for Cyprus and the region. Over the medium to long term, we expect to see substantial investments in infrastructure and revenue coming from the sales of hydrocarbons, and Noble Energy will be strategically and fundamentally important in helping the Republic of Cyprus achieve these goals.”
The Cyprus-U.S. Chamber of Commerce was formed as a Not for Profit corporation in 1997 to promote and extend commercial, industrial and economic relations between the Republic of Cyprus and the United States. By creating a forum in which its members share ideas and knowledge, the Chamber presents opportunities to potential investors, offers advice on foreign investment projects, coordinates briefings with private and government officials, and works to build strong relationships between Cypriot and American companies and their employees, owners and other constituents. The Chamber maintains a diverse membership of corporations, entrepreneurs, executives, and professionals across all fields of commerce.
