There were several points of good quality carbonate reservoirs in Cronos-1, and the presence of gas above 260 meters was confirmed, TotalEnergies said in a statement, Reuters reported. TotalEnergies and ENI each own 50% of Block 6 shares.
“This successful exploration of Cronos-1 is yet another demonstration of the impact of our exploration strategy, which aims to discover resources with low technical costs and low carbon emissions to contribute to energy security, including the provision of additional sources of energy supply. Europe,” said Kevin McLachlan, vice president of research at TotalEnergies.
The discovery of Cronos-1 gas could unlock additional potential in the area and is part of Eni’s successful efforts to secure further gas supplies to Europe, the Italian company said in a statement.
Eni has been present in Cyprus since 2013. The company operates blocks 2, 3, 6, 8 and 9 and has interests in blocks 7 and 11, which are managed by Total.
The Ministry of Energy, Trade and Industry announces the successful and safe completion of drilling of the Kronos-1 exploratory well in Block 6 of the exclusive economic zone of the Republic of Cyprus by the joint venture Eni Cyprus Limited. and TotalEnergies EP Cyprus BV
Drilling by the drilling vessel Tungsten Explorer at a depth of 2,287 meters demonstrated the presence of a column of clean natural gas 260 meters high. Based on a comprehensive analysis of the acquired data, the discovered reservoir has good to excellent quality characteristics and has an estimated total natural gas volume of 2.5 trillion cubic feet (tcf).
As the consortium and the Ministry of Energy are already working on how to accelerate and make the best use of this new discovery in the Cyprus EEZ, including by contributing to Europe’s efforts to strengthen its energy security, Tungsten Explorer has now moved on.” Zeus-1″ for a new exploration well in Block 6 in order to more accurately estimate natural gas reserves in the specified Block.
with information from Reuters, Kathimerini Cyprus, APE-MPE
Source: Kathimerini
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.