ExxonMobil recently revealed that it made a natural gas discovery offshore Cyprus in the Eastern Mediterranean Glaucus-1 well.
According to World oil, the well which was carefully drilled to 13,780 feet, 4,200m depth in 6,769 ft of 2,063 metres of water is located in Block 10.
Also, the well was
encountered a gas bearing reservoir of approximately 436 ft and 133 metres.
Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 Tcf to 8 Tcf (142 Bcm to 227 Bcm).
According to ExxonMobil Exploration Company, Steve Greenlee, the discovery was indeed an encouraging result in a frontier exploration area.
He added that “the potential for this newly discovered resource to serve as an energy source for regional and global markets will be evaluated further.”
Meanwhile, Glaucus-1 was the second of a two-well drilling program in Block 10 as Delphyne-1, the first well did not encounter commercial quantities of hydrocarbons.
ExxonMobil Exploration and Production Cyprus (Offshore) Limited is an operator and holds 60% interest in the block as well as Qatar Petroleum International Upstream O.P.C. which holds 40% interest.