Back To Top

 Exxon scores extra fuel offshore Cyprus
February 10, 2023

Exxon scores extra fuel offshore Cyprus

  • 0

ExxonMobil has made a good-quality fuel discover at its block offshore Cyprus, on the Glaucus-2 properly.

Cyprus Ministry of Power, Commerce and Business introduced the invention right this moment. ExxonMobil Exploration and Manufacturing Cyprus (Offshore) and Qatar Petroleum Worldwide Upstream maintain the licence on the block.

The Stena Forth rig drilled the properly on Block 10, in Cyprus’ unique financial zone (EEZ). The rig started drilling the Glaucus-2 on December 20, 2021. The Stena Forth left the drilling website on March 20.

Commenting on the invention, the ministry stated drilling confirmed a fuel reservoir with top quality traits. The businesses will now transfer into detailed evaluation and analysis.

The goal is to find out the reservoir traits and contemplate choices for improvement and commercialisation. The businesses will report back to the ministry on the information from the drilling and exams.

Exxon drilled the unique Glaucus properly in 2019. At the moment, analysts attributed a fuel quantity of 5-8 trillion cubic ft.

Exxon and QatarEnergy (QE) received a block offshore Cyprus in 2021. The federal government authorized the award of Block 5 to the 2. The 2 firms are anticipated to start seismic on the block this 12 months.

Minister of Power, Commerce and Business Natasa Pileidou, talking final week at a convention, talked of driving progress within the fuel sector forwards. She talked about Chevron’s work on the Aphrodite discover and talks with the Israeli and Egyptian authorities.

Prev Post

The place to Discover Price range Automotive Leases in New…

Next Post

Telecom market now down to almost 2.5 gamers: Sunil Mittal


Leave a Comment

Related post