Cyprus: Rumors of a large deposit in the “Cronos-1” block and the response of the Ministry of Energy

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Its Ministry of Energy Cyprus notes that drilling on the “Cronos-1” target in block 6 of the Cyprus Exclusive Economic Zone is ongoing and there is nothing to announce at this stage.

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The announcement of the Ministry of Energy, according to was issued after today’s front page publication of the newspaper “Alithia” that during the work of the ENI/TOTAL consortium in block 6 a “large deposit” was discoveredwhile there are additionally positive indications for a second column of natural gas next to the discovery of the field.

In its announcement, the Ministry limited itself to reporting that “The operations of the “Cronos-1″ well, within Block 6 of the Exclusive Economic Zone of the Republic of Cyprus, are ongoing and there is nothing to announce at this stage”.

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It adds that the drilling, carried out by the joint venture Eni Cyprus Limited and TotalEnergies EP Cyprus BV which holds a Hydrocarbon Exploration License for the Block in question, is expected to be completed within the next few weeks.

Finally, he reminds that the drilling operations started on 23/5/2022 with the drillship “Tungsten Explorer” and are monitored, on a continuous basis, by the staff of the Hydrocarbons Service, Ministry of Energy, Trade and Industry.

Source: News Beast

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