Eni and its partner TotalEnergies have made another discovery of natural gas in the waters off the coast of Cyprus.
The Tungsten Explorer drill ship drilled the Zeus-1 well about 100 miles from the Cyprus coast in water that was 2,300 metres deep. The well was then successfully tested.
In a press release, Eni said about the discovery, which is the third in the block so far:
“It follows Cronos-1 and Calypso-1 and confirms the promising outlook for the area and its development. Zeus-1 encountered 105 meters of net gas pay in a carbonate reservoir sequence. The gas in place associated to this reservoir is preliminarily estimated between 2 and 3 TCF.”
According to Eni, the test results are already being used to investigate options for developing the resources discovered so far on a fast-track basis. The new discovery comes just four months after the last discovery at the Cronos-1 well. At the time, Eni’s preliminary estimates indicated that the gas in place could be around 2.5 TCF. The block’s first discovery at Calypso-1 was announced in 2018, with Eni describing it as “extremely promising”.
Eni is the designated operator for Block 6 and has a 50% stake, with the remaining interest being held by partner TotalEnergies, the energy major that makes the Total metalworking fluids and food safe lubricants. Both TotalEnergies and Eni have interests in several blocks in Cyprus, with the former operating Blocks 7 and 11 and the latter operating Blocks 2, 3, 6, 8 and 9.
