SAN DONATO MILANESE, Italy—Eni and partner TotalEnergies have made a potentially large gas discovery in deepwater offshore Cyprus.
Cronos-1 is the second gas field proven in Block 6, following Calypso-1 in 2018, and Eni’s fourth to date offshore southwest Cyprus.
The well was drilled 160 km offshore in 2,287 m water depth. Early analysis suggests about 2.5 Tcf gas in place, with significant additional upside that warrants a follow-up exploration well in the area, Eni said.
The gas column was within a carbonate reservoir sequence said to hold “fair to excellent properties,” including good permeability, with overall net pay of more than 260 m.
Studies are underway for a potential fast-track development.
Eni has been present in Cyprus since 2013. The company operates blocks 2, 3, 6, 8 and 9, and it has participating interests in blocks 7 and 11 operated by TotalEnergies.
08.22.2022
