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An indication is seen in entrance of the Exxonmobil Baton Rouge Refinery in Baton Rouge, Louisiana, November 6, 2015. REUTERS/Lee Celano
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NICOSIA, March 21 (Reuters) – An appraisal drilling for hydrocarbons off Cyprus has reaffirmed a reservoir of top quality fuel in an space licensed to ExxonMobil and Qatar Petroleum, the island’s power ministry stated on Monday.
The drilling was carried out by a consortium of ExxonMobil and Qatar Petroleum, which holds a licence over an offshore space south-west of Cyprus often called Block 10.
“The three way partnership will proceed with an in depth evaluation and evaluation of the collected information to specify the qualitative and quantitative traits of the reservoir, but additionally the potential of creating and commercialising the discover,” the Ministry of Power, Commerce and Business stated in an announcement.
Cyprus beforehand estimated fuel sources within the reservoir of 5 to eight trillion cubic ft when the invention from the Glaucus-1 effectively was introduced in 2019.
The drill appraisal to verify the 2019 discovery in one other effectively in the identical block, often called Glaucus-2, began in Dec. 2021. The Stena Forth drill ship departed from the realm late Sunday.
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Writing by Michele Kambas; Modifying by Kirsten Donovan
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