Government’s goal is for ENI’s rig to reach block 3 and start drilling, Spokesman tells CNA

Government Spokesman Nikos Christodoulides has said that the Government’s primary goal is for ENI’s rig SAIPEM 12000 to arrive in block 3 of Cyprus’ Exclusive Economic Zone and start an exploratory drilling in the target called Cuttlefish.

Italian energy giant ENIs drillship was halted on Saturday by a Turkish warships en route to a location within Block 3 of Cyprus’ EEZ.

Speaking to the CNA, Christodoulides refrained from giving details regarding the Government’s reaction to the situation, saying this could affect the effectiveness of any actions taken.

Our primary target is for the exploratory vessel to continue its course and start drilling, he said.

President of the Republic Nicos Anastasiades said on Sunday the government was taking all necessary diplomatic steps to resolve the issue peacefully and avoid an escalation.

Last Thursday, ENI announced that it has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics.

An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas discovery and confirms the extension of the Zohr like play in the Cyprus Exclusive Economic Zone (EEZ).

Additional studies will be carried out to assess the range of the gas volumes in place and define further exploration and appraisal operations.

ENI is the Operator of Block 6 with 50% of participation interest while Total is partner with the remaining 50%.

ENI has been present in Cyprus since 2013 and detains interests in six licenses located in the EEZ of Cyprus (in Blocks 2, 3, 6, 8, 9 and 11), five of which are operated.

Source: Cyprus News Agency