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ExxonMobil makes natural gas discovery offshore Cyprus

Published by , Editorial Assistant
Oilfield Technology,

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 (4200 m) depth in 769 ft (2063 m) of water.

Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion ft3 (142 billion to 227 billion m3). 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 (2572 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.

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Upstream news Offshore news Oil & gas news