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Oil & Gas

ExxonMobil to analyze Glaucus-2 natgas discovery offshore Cyprus

ExxonMobil
Posted: March 28, 2022 at 12:40 pm   /   by   /   comments (0)

A consortium led by ExxonMobil Corp. will analyze data collected from the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus. Drilling of the now completed well demonstrated the presence of a gas reservoir with high quality characteristics, according to the Cyprus Ministry of Energy, Trade, and Industry.

This is the second discovery well in the block, which covers 635,554 acres (2,572 sq km) in the Eastern Mediterranean in about 6,800 ft of water.  Data will be used to help determine the qualitative and quantitative characteristics of the reservoir more accurately, as well as the potential options for development and commercialization of the discovery.

The well was drilled by the Stena Forth drillship.

Pursuant to current legislation, the consortium will notify the Ministry of Energy, Trade, and Industry of the data evaluation results as soon as they are completed.

In February 2019, ExxonMobil discovered natural gas offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. At the time, the operator said the discovery could represent an in-place natural gas resource of about 5-8 tcf (142-227 billion cu m).

ExxonMobil Exploration and Production Cyprus (Offshore) is operator (60%) with partner Qatar Petroleum International Upstream OPC (40%).

(Source: Oil & Gas Journal)