Total and Eni discover large gas field offshore Cyprus
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The French energy company TotalEnergies and the Italian Eni, which are jointly engaged in the exploration of natural gas on the Cyprus shelf, have discovered large gas deposits 160 km off the coast of Cyprus in the sixth block of the exclusive economic zone (EEZ) in the Cronos-1 well at a depth of 2287 m, the press reported. company services.
“Located about 160 km southwest of the coast of Cyprus, Cronos-1 has found several good quality carbonate reservoirs and confirmed the presence of gas at a depth of more than 260 m,” – noted in a French company. According to preliminary data, the deposits amount to approximately 2.5 trillion cubic meters. feet of gas, with an additional well in the area having significant upside potential and could show additional volumes, added Eni.
The Cronos-1 well is the fourth exploration well drilled by Eni Cyprus. It is specified that this is the second discovery in the sixth block after the companies discovered the Calypso-1 gas field here in 2018. Eni and TotalEnergies began drilling the Cronos-1 exploration well in the Cyprus EEZ at the end of May 2022. Eni Cyprus Limited and TotalEnergies consortium EP Cyprus BV has held the license since 2017.
The sixth unit is operated by Eni Cyprus with a 50% share in partnership with TotalEnergies. The French company is also the operator of several blocks in Cyprus, including blocks 7 and 11, where it owns 50%.
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