Constantinos Tsindas
Evaluation drilling in the Glafcos 2 offshore plot 10 has been completed successfully and safely, the energy ministry said on Monday.
The drilling activity, which also included production testing, was carried out by the ExxonMobil Exploration and Production Cyprus (Offshore) Limited / Qatar Petroleum International Upstream LLC joint venture, which holds the hydrocarbon licence for the plot.
The drilling work led to the discovery of a natural gas concentration with high quality characteristics, the ministry said.
The companies involved will proceed with a detailed analysis and evaluation of all collected data for a more precise specification of quality and quantity as well as feasible options in developing and commercialising the find.
