Eni to fast-track Cronos, Zeus discovery developments offshore Cyprus following “excellent” production tests

May 01, 2024

(WO) – The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future oil and gas projects in the country.

Tungstun Explorer drillship

President Christodoulides and Descalzi reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies of Cronos and Zeus, which led to the drilling of Cronos 2 appraisal well in late 2023.

The latter included a production test in early 2024 that delivered excellent performances and increased volumes. While the acquired data are still under study, the encouraging outcomes of the previous wells have been confirmed.

The two leaders discussed a shared fast-track approach that allows the appraisal well to be drilled while evaluating multiple development scenarios. Highlights of the preferred solutions to efficiently meet domestic as well as regional and European energy priorities in the short and longer period have been outlined.

Eni has been present in Cyprus since 2013. The company operates Blocks 2, 3, 6, 8 and 9, and has participating interests in Blocks 7 and 11.

Lead image source: Eni

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