The Ministry of Energy, Commerce and Industry has announced the completion of drilling operations at the Elektra-1 well, in Block 5 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus, conducted by the consortium of ExxonMobil Exploration and Production Cyprus (Offshore) and QatarEnergy International E&P.
Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities.
According to Operator’s early assessment, Elektra-1 has yielded encouraging results, confirming the existence of a hydrocarbon system and good quality reservoirs. The data collected during the drilling operations are being evaluated to determine consortium’s future plans in Block 5.
The Valaris DS-9 drillship, which carried out the drilling operations, will now move to Block 10 of the EEZ of Cyprus to conduct exploration drilling at the Pegasus-1 well site, on behalf of the ExxonMobil and QatarEnergy International.
Source: Cyprus Ministry of Energy, Commerce and Industry
