The Ministry of Energy, Trade and Industry announces that the work of the “Cronos-1” exploratory well has been successfully and safely completed, within Block 6 of the Exclusive Economic Zone of the Republic of Cyprus, by the joint venture of Eni Cyprus Limited and TotalEnergies EP Cyprus B.V.

The drilling, which was carried out by the drillship “Tungsten Explorer” in a water depth of 2,287 meters, demonstrated the existence of a column of pure natural gas of 260 meters. Based on the extensive analysis of the resulting data, the reservoir that was discovered has characteristics of good to excellent quality and has, according to preliminary estimates, a total amount of natural gas of 2.5 trillion cubic feet (Tcf).

With the consortium and the Ministry of Energy already working on ways to accelerate and make the best use of this new discovery in Cyprus’ EEZ, including contributing to Europe’s efforts to strengthen its energy security, the Tungsten Explorer has now moved on to the target “Zeus-1”, for a new exploration well in Block 6 in order to more accurately estimate the quantities of natural gas in said Block.