Minister of Energy announces gas discovery at “Calypso” well of Cyprus’ block 6

Energy Minister Yiorgos Lakkotrypis announced Thursday that the consortium of Italy’s ENI and France’s Total had discovered an extended gas column demonstrating the existence of a natural gas deposit at Calypso well of Cyprus’ offshore block 6.

Lakkotrypis said that at present no specific volumes could be announced and that detailed geophysical and geological studies and further work on surveys and assessments will be carried out. As he said more time is needed to give an assessment of the volumes, but what’s important is that there’s a natural gas discovery.

“This is a very positive development since this is the second substantial discovery in Cyprus’ Exclusive Economic Zone (EEZ), which of course increases Cyprus’ natural gas reserves”, he said.

The Minister also said that an appraisal drilling will be carried out at a later stage.

“Due to the peculiarity of the field, it was not possible to have a full estimate of the volumes or the range of the quantities of natural gas and so ENI / Total consortium will need to do more studies in the next few weeks, to show more clearly the gas volumes, ” he said.

He added that the discovery confirms the existence of a petroleum system and a carbonate reservoir, as was expected, and the association with Zohr gas field in Egypt, with which they have the same geological and geophysical characteristics.

At the same time Lakkotrypis said that SAIPEM 12000 drilling ship would depart on Thursday night or Friday morning for “Soupia” target in Cyprus’ block 3.

He noted, however, that the kind of drilling that will be carried out in block 3 would take place for the first time in the Eastern Mediterranean and it concerns younger carbonaceous structures in more shallow waters. The drilling in Calypso reached a final total depth of 3,827 meters. The Minister said that he hopes for the best possible results in Soupia and for a new geological model in the region.

Regarding ExxonMobils’ drilling in block 10, set for the second half of the year, Lakkotrypis said that the first target was already defined under the name “Delphinos”, while the second named “Anthea” is at the final definition stage.

Invited to comment on the illegal NAVTEX issued by Turkey, Lakkotrypis replied by saying that actions speak for themselves.

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

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