Cyprus offshore assessment confirms Exxon gas discovery – energy ministry

A sign is seen in front of the Exxonmobil Baton Rouge refinery in Baton Rouge, Louisiana November 6, 2015. REUTERS/Lee Celano

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NICOSIA, March 21 (Reuters) – Hydrocarbon appraisal drilling off Cyprus has confirmed the existence of a reservoir of high-grade gas in an area licensed to ExxonMobil and Qatar Petroleum, it said on Monday. the island’s Department of Energy.

The drilling was carried out by a consortium made up of ExxonMobil and Qatar Petroleum, which holds a license on an offshore area southwest of Cyprus known as Block 10.

“The joint venture will carry out a detailed analysis and evaluation of the data collected to clarify the qualitative and quantitative characteristics of the reservoir, but also the potential for development and commercialization of the discovery,” said the Ministry of Energy, of Trade and Industry in a press release. declaration.

Cyprus had previously estimated gas resources in the reservoir at 5 to 8 trillion cubic feet when the discovery of the Glaucus-1 well was announced in 2019.

Drilling evaluation to confirm the 2019 discovery in another well in the same block, known as Glaucus-2, began in December 2021. The drillship Stena Forth left the area on Sunday evening.

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Written by Michele Kambas; Editing by Kirsten Donovan

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