French energy firm TotalEnergies and Italy’s Eni have made a new gas discovery in Block 6 offshore Cyprus following the drilling of the Zeus-1 well.
Located 162km off the Cyprus coast and 5km West of Cronos-1, Zeus-1 well has been drilled and tested using the Tungsten Explorer drillship.
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Representing the third consecutive discovery in Block 6 following Cronos-1 and Calypso-1, Zeus-1 confirms the promising outlook for the area, Eni said.
Following drilling, the Zeus-1 well encountered 105m of net gas pay in a carbonate reservoir sequence.
Eni said in a statement: “Results of the test are being incorporated in the evaluation of the discoveries cluster that will drive subsequent studies and operations targeting a fast-track development of Block 6.”
As per the preliminarily estimate, the gas in place associated to this reservoir ranges between two and three trillion cubic feet (TCF).
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By GlobalDataTotalEnergies exploration senior vice-president Kevin McLachlan said: “This success at Zeus-1 further enhances the potential of Block 6, only four months after the Cronos-1 discovery.
“New data gathered from the well will assist our ongoing assessment of fast-track development options for the discovered resources.”
Eni operates the block with a 50% stake while TotalEnergies holds the remaining 50% interest.
In Cyprus, Eni operates Blocks 2, 3, 6, 8, and 9. It also owns stakes in Blocks 7 and 11 that are operated by TotalEnergies.
Recently, TotalEnergies and its joint venture partners secured new licence for exploration at Agua Marinha block offshore Brazil.
