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News // Off-shore drilling

ExxonMobil makes gas discovery offshore Cyprus

01 March 2019 , 14:06Neftegaz.RU378

 

Texas, March 1 - Neftegaz.RU. ExxonMobil said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.   

 

The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 m). The well was safely drilled to 13,780 feet (4,200 m) depth in 6,769 feet (2,063 m) of water.

 

Based on preliminary interpretation of the well data, the discovery could represent an in-place gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion m3). Further analysis in the coming months will be required to better determine the resource potential.

 

«These are encouraging results in a frontier exploration area,» said Steve Greenlee, president of ExxonMobil Exploration company. «The potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.» 

 

Glaucus-1 was the 2nd of a 2-well drilling program in Block 10. The 1st well, Delphyne-1, did not encounter commercial quantities of hydrocarbons. Block 10 is 635,554 acres (2,572 s.km). ExxonMobil Exploration and Production Cyprus Limited is operator and holds 60 % interest in the block. Qatar Petroleum International Upstream holds 40 % interest. 

 

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