Eni in new gas discovery, Off cyprus
Eni has made a lean gas discovery in Block 6, offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 m of water depth reaching a final TD of 3,827 m, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics reports WorldOil
An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cyprus Exclusive Economic Zone (EEZ). Additional studies will be carried out to assess the range of the gas volumes in place and define further exploration and appraisal operations.
Eni is the Operator of Block 6 with 50% of participation interest, while Total is partner with the remaining 50%.
Eni has been present in Cyprus since 2013 and detains interests in six licenses located in the EEZ of Cyprus (in Blocks 2, 3, 6, 8, 9 and 11), five of which are operated.
Related News:Report: Eni and Total to kick off new deal in cyprus
French oil company Total and Italy’s Eni are reportedly planning to start drilling in a joint exploration block off the coast of Cyprus by the end of the year or in early 2018.
According to Reuters, Cyprus President Nicos Anastasiades met with Total’s CEO Patrick Pouyanne on Sunday in Paris ahead of his meeting with French President Emmanuel Macron on Monday.
Reuters cited Anastasiades’ interview given to French media outlet Le Figaro. In the interview, the President of Cyprus said that the Total CEO Patrick Pouyannee informed him that the oil majors would move ahead with plans to drill in the block despite disappointing drilling results from Block 11.
“Yes, (block 11) was disappointing in terms of quantity, but the results are very promising for future drilling. It confirmed the presence of hydrocarbons in the Cyprus Exclusive Economic Zone, an extension of the Zohr field in Egypt,” Anastasiades said in the Le Figaro interview, Reuters reports.