The Ministry of Energy, Trade and Industry announces that the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus has been successfully and safely completed. The drilling operations, which included production testing, were carried out by the ExxonMobil Exploration and Production Cyprus (Offshore) Limited / Qatar Petroleum International Upstream LLC consortium, which holds a Hydrocarbon Exploration Licence for this Block.
The well demonstrated the presence of a gas reservoir with high quality characteristics. 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, as well as potential development and commercialization options for the discovery. Pursuant to the applicable legislation, the consortium will notify the Ministry of Energy, Trade and Industry of the results of the evaluation of the data collected from the drilling and testing activities once the evaluation is completed.
It is recalled that the appraisal drilling operations of the "Glaucus-2" appraisal well started on 20 December 2021 and were carried out by the drillship "Stena Forth", which departed from the drilling site late yesterday evening.
(GA)
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