Zhor stretching into Cyprus’ EEZ
The first analyses of the structural and geological data of Zhor deposits by Italian company ENI shows the reservoir stretching, albeit not by much, into Cyprus’ Exclusive Economic Zone (EEZ).
However, additional studies and drilling are required to find out whether the gas in the reservoir comes this far.
This largely depends on the depth of the well and whether its lowest point lies higher in the part that falls with the Cyprus EEZ.
French specialists of French Petroleum Institute BEICIP leave muffed hopes for that.
This conclusion is derived from the study of seismic data in the region of Cyprus’ EEZ and the limited available data on the mammoth Zhor reservoir.
The picture may change, but current data do not leave much room for hope.
Seismographic data indicates a significant decline in our end of the well, meaning that its ‘thickness’ diminishes as it extends this way.
The study of the data continues, and Energy Minister expects to be updated next week.
As the analysis progresses and drilling continues on EMI’s part, the scope and outline of the reservoir will be assessed in collaboration with the government, as provided by international and bilateral regulations.
Meanwhile, Energy Minister Yiorgos Lakkotrypis will be in Houston, US on Monday, where he will have meetings with top-ranking officials of Noble Energy.
Plans for the development of Aphrodite well will be on the agenda as well as the amendments the government has submitted on Noble’s plan and implementation timetables.
The main focus of Lakkotrypis’ discussions with Noble in Texas will be issues relating to buyers of Cypriot gas.
Lakkotrypis will be paving the way for President Anastasiades’ scheduled talks with the head of Noble Energy in New York.
Energy Minister will be returning to Brussels for the informal meeting of EU Energy Ministers and set meetings with Energy and Energy Safety Commissioners aimed at promoting Cyprus as an alternative natural gas supply and distribution centre for Europe.
Source: http://in-cyprus.com/zhor-stretching-into-cyprus-eez/
