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Offshore workers
NICOSIA, Cyprus – Exxon Mobil Corp. has confirmed the presence of high-quality fuel after finishing drilling operations on the Glaucus-2 appraisal properly, off the coast of Cyprus.
ExxonMobil and Qatar Petroleum maintain the license to function Cyprus’ offshore Block 10. The 2 firms acquired the exploration concession in 2017, with ExxonMobil working the block with a 60% possession curiosity and Qatar Petroleum holding the remaining curiosity.
Cyprus beforehand estimated fuel sources within the reservoir of 5-8 trillion cubic ft of pure fuel when the invention from the Glaucus-1 properly was introduced in 2019. Exxon and Qatar Petroleum started drilling the Glaucus-2 properly in December 2021.
ExxonMobil and Qatar Petroleum say they may conduct an in depth examination and analysis of the collected knowledge to find out the qualitative and quantitative traits of the reservoir extra exactly.
The 2 firms say they may also consider the potential choices to develop and commercialize the invention. As soon as accomplished, the consortium will notify the ministry in regards to the analysis outcomes.
03/26/2022
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