According to a relevant announcement of the Ministry of Energy, Trade and Industry of Cyprus – the work of the evaluation drilling “Glaucus-2”, in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus, was completed successfully and safely. The drilling, which included production tests, was carried out by ExxonMobil Exploration and Production Cyprus (Offshore) Limited / Qatar Petroleum International Upstream LLC, which holds a Hydrocarbon Exploration License for the Item.
According to the announcement of the ministry, the drilling demonstrated the presence of a gas reservoir with high quality characteristics. The consortium will proceed with a detailed analysis and evaluation of the collected data, in order to more accurately determine the qualitative and quantitative characteristics of the reservoir, as well as the potential options for development and commercialization of the discovery. Pursuant to the current legislation, the consortium will notify the Ministry of Energy, Trade and Industry of the results of the evaluation of the data collected from the drilling and test works, as soon as the evaluation is completed.
It is recalled that the work of the evaluation drilling “Glaucus-2” started on December 20, 2021 and was carried out by the drilling rig “Stena Forth”, which departed from the drilling site yesterday, late at night.
SOURCE: AMPE
Source: Capital
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