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eni-makes-significant-gas-discovery-off-cyprus
eni-makes-significant-gas-discovery-off-cyprus

Eni makes ‘significant’ gas discovery off Cyprus

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Eni has announced a ”significant” gas discovery in the Cronos-1 well drilled in Block 6, 160km off Cyprus coastline, in 2,287m of water depth.

The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner.

Preliminary estimates indicate about 2.5TCF of gas in place, with significant additional upside that will be investigated by a further exploration well in the area.

The well has encountered an important gas column in a carbonate reservoir sequence of fair to excellent properties.

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