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The crew of the Stena Forth is having Christmas on the platform, hired by the consortium of Exxon Mobil and Qatar Energy for the confirmation drilling at the "Glafkos" field. The drilling operations started last Tuesday afternoon and according to competent sources are proceeding without any particular problems
The drilling results are expected in about two to three months.[/B] Then we will know whether the very promising data obtained from the 2019 exploratory drilling are valid.
The results of the drilling are expected in about two to three months. Then we will know whether the very promising data obtained from the 2019 exploratory drilling are valid. At that time, a gas column was identified and based on the preliminary analysis, the reservoir contains a total of 5 to 8 trillion cubic feet.
If the data survives, then we will be talking about the largest field identified in the Cypriot EEZ and one of the largest in our region in recent years. That is why the results of the exploratory drilling are considered of great importance for the next steps in the energy chessboard of the Eastern Mediterranean.
Regarding Plot 5, which was also licensed to the consortium of the Americans and Katarinas, it is expected that in 2022 exploration activities will start, in the first phase seismic studies. The same impatience exists for the moves planned by the consortium in Block 5.
The only certainty is that they cannot repeat an episode of harassment, just as they did with the ENI and TOTAL drilling rig. The involvement of both the American factor and the Qataris keeps the hands of the neighbouring country "tied".
This is clearly shown by the way Turkey handled the announcement of the licensing of Block 5 to Exxon Mobil and Qatar Energy. Turkish officials refrained from commenting on the substance of the issue and let the pro-government media do the... dirty work.
Moreover, in a rare statement, the Turkish Foreign Minister limited himself to claiming that he has received assurances from the two countries that they will not work on the Turkish continental shelf!
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