The Ministry of Energy, Trade and Industry announces the successful and safe completion of the "Cronos-1" exploration well, within Block 6 of the Exclusive Economic Zone of the Republic of Cyprus, by the consortium of Eni Cyprus Limited and TotalEnergies EP Cyprus B.V.
The well, which was drilled by the drillship 'Tungsten Explorer' in a water depth of 2,287 metres, showed the existence of a 260-metre column of pure natural gas. On the basis of the extensive analysis of the data obtained, the discovered reservoir has good to excellent quality characteristics and, according to preliminary estimates, a total of 2.5 trillion cubic feet (Tcf) of natural gas.
With the consortium and the Ministry of Energy already working on ways to accelerate and optimise the exploitation of this new discovery in the EEZ of Cyprus, including contributing to Europe's efforts to strengthen its energy security, the "Tungsten Explorer" has now moved on to the "Zeus-1" target for a new exploratory well in Block 6 in order to estimate more accurately the quantities of natural gas in this Block.
(GA)
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