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Monday, August 22, 2022
Italian and French energy majors Eni (operator) and TotalEnergies have made a significant gas discovery at the Cronos-1 well, in Block 6, 160 km off the Cyprus coastline, in 2,287 meters of water depth. This discovery follows the Calypso-1 discovery made on the same Block in 2018.
The Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters. Preliminary estimates indicate about 2.5 Tcf of gas in place, with significant additional upside that will be investigated by a further exploration well in the area.
“This successful exploration well at Cronos-1 is another illustration of the impact of our Exploration strategy which is focused on discovering resources with low technical cost and low carbon emissions, to contribute to energy security including to provide an additional sources of gas supply to Europe,” said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies.
The discovery could have the “potential” to feed into a planned Egypt-Cyprus natural gas pipeline, though this has not yet been studied. Construction of a pipeline connecting Cyprus’ Aphrodite natural gas field (operated by Noble Energy) ib Block 12 to Egypt will begin by the end of the year, according to Egyptian Oil Minister Tarek El Molla. The planned pipeline will allow natural gas from the field — estimated to hold as much as 4.5 Tcf cubic feet of natural gas — to flow to Egypt’s liquefaction facilities at Idku and Damietta for processing and shipment as LNG.
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