The Ministry of Energy, Commerce and Industry announces that the work of the “Glaucus-2” rating drilling, 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 Exploration and Production Cyprus (Offshore) Limited / Qatar Petroleum International Upstream LLC, which holds a Hydrocarbon Exploration License for the Unit.
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, Commerce 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.
It is recalled that the work of the evaluation drilling “Glaucus-2” started on December 20, 2021 and was carried out by the drilling rig “Stena Forth”, which departed from the drilling site yesterday, late at night.