The "Glaucus-2" appraisal well, in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus, showed high quality natural gas, according to an announcement made today by the Ministry of Energy, Trade and Industry.
As stated, the drilling operations, which included production testing and were conducted by the ExxonMobil Exploration and Production Cyprus (Offshore) Limited - Qatar Petroleum International Upstream LLC consortium, which holds a Hydrocarbon Exploration Licence for the Block in question, demonstrated the presence of a natural gas reservoir with high quality characteristics, while adding that the consortium will proceed with a detailed analysis and evaluation of the data collected to more accurately determine the qualitative and quantitative characteristics of the reservoir, and potential options per
(CNA)
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