The Cyprus energy ministry confirmed a reservoir of high-quality gas was encountered by the ExxonMobil-led Glaucus-2 appraisal well. The drilling of the well was conducted in the area known as Block 10 in the Exclusive Economic Zone (EEZ) that has been challenged by Turkey. The ministry said that operations in the EEZ included production testing.
“The consortium will proceed with a detailed analysis and evaluation of the data collected to more accurately determine the qualitative and quantitative characteristics of the reservoir, as well as potential development and commercialization of the discoveries,” the ministry said in a statement.
Cyprus previously estimated gas resources in the reservoir of between 5 and 8 Tcf when the discovery from the Glaucus-1 well was announced in 2019. ExxonMobil and Block 10 partner Qatar Petroleum began drilling the Glaucus-2 well using drillship Stena Forth in December 2021.
ExxonMobil is the operator and holds a 60% interest in Block 10. Qatar Petroleum International Upstream OPC holds the remaining 40% stake.
