Eni confirms Cyprus gas discovery

Italian energy giant Eni and French Total have discovered a gas reservoir 80 kilometers from the south coast of Cyprus, Eni announced.

The size of the reservoir is not yet known.

As reported by Eni, it should be medium to large by Israeli standards, somewhere between the Karish and Tanin fields and the Tamar field. Additional studies will help assessing the range of the gas volumes in place.

The reservoir was discovered in Block 6 Offshore Cyprus with Calypso 1 NFW. According to Eni, Calypso 1 is a promising gas discovery. The well was drilled in 2,074 meters of water depth, reaching a final total depth of 3,827 meters.

Something similar happened with the Zohr reservoir in Egyptian waters. Eni in fact developed and connected the Zohr reservoir in record time of two-and-a-half years.

Eni has been in Cyprus since 2013 and has interests in six licenses located in the EEZ of Cyprus (in Blocks 2, 3, 6, 8, 9 and 11).

Up to now, only the gas reservoir Aphrodite has been discovered in Cyprus. Aphrodite is owned by Israeli company Delek Drilling, Noble Energy, and Shell.

The reservoir, which contains 120 BCM of natural gas, was discovered in 2010, and still has to be developed. The reservoir should be developed together with stage B of the development of the Leviathan reservoir in Israeli waters. The two are in 30 kilometers apart.
Thus, this combined operation would reduce costs and would need only the use of one drilling platform for both.