Eni and TotalEnergies strike more gas in Cyprus
The European producers celebrate further success in Block 6 but the East Med export conundrum remains unsolved
Italy’s Eni is hailing a “significant” gas discovery from its Cronos well in Cyprus’ Block 6. Its preliminary estimates are c.2.5tn ft³ (70.75bn m³) of gas in place, but it anticipates “significant additional upside that will be investigated by a further exploration well in the area”. Block 6 is also the location of Eni’s 2018 3-5tn ft³ Calypso discovery, for which there is no development plan. And the same goes for ExxonMobil’s 5-8tn ft³ Glaucus find in Block 10 in 2019. Operator Chevron is promising to present a development concept for the 4.5tn ft³ Aphrodite field in Block 12—delivering its gas “to Egypt and to European markets”—to Cyprus’ energy ministry by year-end. It was discovered in
Also in this section
21 October 2024
Companies operating offshore assets in the region are unlikely to halt development plans for now, even as hostilities intensify
21 October 2024
For the tanker market, recent escalation in the Mideast conflict has largely been offset by soft fundamentals
21 October 2024
The oil markets may be poised to experience a price slump mirroring the history of the gas sector
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas