Energy companies TotalEnergies and ENI have announced the discovery of a major gas field in the Cronos-1 block located on block 6 off the coast of Cyprus. According to the official statement, preliminary estimates of the Cronos-1 field in block 6 indicate the presence of 2.5 trillion cubic meters. feet of natural gas.
For its part, TotalEnergies emphasizes that quite good intervals of good quality carbonates have been found in the field and a total gas-bearing layer height of more than 260 meters has been confirmed.
“Strategic Intelligence”
“The successful exploration results at Cronos-1 are yet another illustration of the impact of our exploration strategy to discover low-cost, carbon-based resources that contribute to energy security, including securing additional sources of gas supplies to Europe,” said Kevin McLachlan, vice president of TotalEnergies.
The Kronos-1 field is ENI’s fourth property under management and the second in Block 6. The company operates in Blocks 2, 3, 6, 8 and 9, and has interests in Blocks 7 and 11, which are operated by Total.
Ministry statement
The Ministry of Energy, Trade and Industry announces that the Kronos-1 exploration well in Block 6 of the Exclusive Economic Zone of the Republic of Cyprus has been successfully and safely completed by the consortium of Eni Cyprus Limited and TotalEnergies EP Cyprus BV
The well, drilled by the Tungsten Explorer at a depth of 2287 meters, showed the presence of a 260-meter layer of pure natural gas. Based on a comprehensive analysis of the acquired data, the discovered reservoir has good to excellent quality characteristics and is estimated to contain a total of 2.5 trillion cubic feet (Tcf) of natural gas (about 71 billion cubic meters).
As the consortium and the Ministry of Energy are already working on ways to accelerate and optimize the exploitation of this new discovery in the Cyprus EEZ, including contributing to Europe’s efforts to strengthen its energy security, Tungsten Explorer has now moved on to the Zeus-1 target for a new exploration well in Block 6 to more accurately estimate the amount of natural gas in it.
Relevant information about a large gas field in block 6 of the exclusive economic zone of the Republic of Cyprus was leaked to the Cypriot media at the beginning of the month. The same reports stated that there are also indications of a second gas column adjacent to the discovery.
Plot 10
Recall that in March last year in block 10 of the exclusive economic zone of the Republic of Cyprus, the appraisal well “Glaucus-2” was successfully and safely completed. The drilling work, which included production testing, was carried out by the ExxonMobil Exploration and Production Cyprus (Offshore) Limited / Qatar Petroleum International Upstream LLC consortium, which holds the hydrocarbon exploration license for the block.
The well demonstrated the presence of a gas reservoir with high quality characteristics. The consortium will begin a detailed analysis and evaluation of the collected data to more accurately determine the qualitative and quantitative characteristics of the reservoir, as well as potential options for the development and commercialization of the discovered field.
More Stories
Flood victims in Thessaly will pay property tax (ENFIA)
Fines of 1.5 million euros for 11 large retail chains, including Leroy Merlin, Attica and JYSK
Reuters reveals what the Mitsotakis government doesn't want to talk about: “Huge debt – low wages”