Italian multinational oil and gas company Eni announced on Monday that it has made a significant gas discovery in the Cronos-1 well, located about 160 kilometres off the coast of Cyprus in block 6.
Block 6 is operated by Eni Cyprus holding 50 per cent stake, with Total Energies as a partner.
Preliminary estimates indicate about 2.5 trillion cubic feet (TCF) of gas in place, with significant additional upside that will be investigated by a further exploration well in the area.
The Cronos-1 well is the fourth exploration well drilled by Eni Cyprus and the second in Block 6, following the Calypso-1 gas discovery in 2018.
Continue reading at source: cyprus-mail
If you are having any questions, please feel free to ask.
