ExxonMobil makes 5 Tcf natural gas discovery offshore Cyprus
IRVING, Texas -- ExxonMobil has said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.
The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 ft (133 m). The well was safely drilled to 13,780 ft (4,200 m) depth in 6,769 ft (2,063 m) of water.
Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 Tcf to 8 Tcf (142 Bcm to 227 Bcm). Further analysis in the coming months will be required to better determine the resource potential.
“These are encouraging results in a frontier exploration area,” said Steve Greenlee, president of ExxonMobil Exploration Company. “The potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.”
Glaucus-1 was the second of a two-well drilling program in Block 10. The first well, Delphyne-1, did not encounter commercial quantities of hydrocarbons.
Block 10 is 635,554 acres (2,572 km2). ExxonMobil Exploration and Production Cyprus (Offshore) Limited is operator and holds 60% interest in the block. Qatar Petroleum International Upstream O.P.C. holds 40% interest.
For more information about natural gas in the Eastern Mediterranean, visit the Eastern Mediterranean Gas Conference event site, by clicking here.
