Thursday, October 20, 2022

PGS supporting gas exploration offshore Cyprus - OFFSHORE

OCT.20.2022

OSLO, Norway — PGS has unveiled its new Cyprus Vision offering, covering most discoveries and exploration wells to date offshore Cyprus.

The most recent Cronos-1 gas discovery well drilled by Eni and TotalEnergies in Block 6 confirms the prolific presalt Miocene-Cretaceous carbonate play in the area, the company said, following the earlier Calypso and Glaucus finds.

Cronos-1 well encountered various good-quality carbonate reservoir intervals with overall net gas pay of more than 260 m. Early estimates suggest about 2.5 Tcf in place, with significant upside. A further exploration well (Zeus-1) is drilling on the block.

According to PGS, Cyprus Vision benefits from 3D GeoStreamer broadband quality that should provide additional insights and allow analogs to be determined on other blocks in the area.