The Cyprus Ministry of Energy, Trade and Industry has announced that the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus, has been successfully and safely completed. The drilling operations, which included production tests, were carried out by ExxonMobil and Qatar Petroleum International Upstream.
The drilling demonstrated the presence of a gas reservoir with high quality characteristics. The consortium will proceed with a detailed analysis and evaluation of the collected data, in order to more accurately determine the qualitative and quantitative characteristics of the reservoir, as well as the potential options for development and commercialization of the discovery.
Pursuant to the current legislation, the consortium will notify the Ministry of Energy, Trade and Industry of the results of the evaluation of the data collected from the drilling and test works, as soon as the evaluation is completed.
The well was drilled by the Stena Forth, a 6th Generation Harsh Environment dual-activity dynamically positioned (DP3) drillship, capable of drilling in water depths up to 10,000ft.
Source: Cyprus Ministry of Energy
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