The ENI TOTAL consortium made an important discovery of natural gas in Block 6.
According to an official announcement by the Italian company, natural gas was detected in the Cronos-1 field of Block 6, the amount of which according to preliminary estimates is at 2.5 tcf. The Cronos-1 deposit is the fourth target attempted by ENI and the second in Block 6.
The Cronos-1 natural gas discovery can unlock additional potential in the region and is part of Eni's successful effort to provide further natural gas supply to Europe, the Italian company said in a statement.
Eni has been present in Cyprus since 2013. The Company manages blocks 2, 3, 6, 8, and 9 and has interests in blocks 7 and 11 managed by Total.
Source: Knews
Related Articles
See all articles
Article | 19 April 2024
Cypriot capital markets to benefit from EMTN dual-listing
The Finance Ministry, in collaboration with SIX, a financial market infrastructure company, and the Cyprus Stock Exchange (CSE), on Thursday announced the successful activation, referred to as going live, of the dual-listing of Euro Medium Term Notes (EMTN) of the Republic of Cyprus at the Cyprus Stock Exchange.
Read full article
