The Zeus-1 well is the third consecutive discovery in block 6. It confirms the promising prospects for the area and its development, according to Eni.
The Italian energy company Eni announced the discovery of a new gas field off the coast of Cyprus in the Zeus-1 well, which was drilled in block 6, 162 km from the coast at a depth of 2300 meters. This was reported on the company’s website on Wednesday, December 21.
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It is indicated that this block is managed by Eni Cyprus, which owns a 50% share, with TotalEnergies as a partner.
“Zeus-1 is the third consecutive discovery in Block 6. In the past, there were Kronos-1 and Calypso-1, confirming the promising prospects for the area and its development,” the company said in a statement.
According to preliminary estimates, gas reserves in this reserve range from 57 to 85 billion cubic meters.
Eni has been present in Cyprus since 2013. The company operates blocks 2, 3, 6, 8 and 9 and has interests in blocks 7 and 11, which are managed by TotalEnergies.
It will be remembered that in 2019, the American oil company ExxonMobil discovered a gas field in the southwest of Cyprus. Its reserve is approximately 142 to 227 billion cubic meters.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.