TotalEnergies

‘Encouraging outcomes’ discussed in ENI meeting

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‘Encouraging outcomes’ discussed in ENI meeting

President Nikos Christodoulides met with Eni CEO Claudio Descalzi in Nicosia to discuss gas findings. The meeting reviewed the discoveries made in 2022 by Eni and TotalEnergies, leading to the drilling of the Cronos 2 appraisal well in late 2023. A production test in early 2024 showed excellent performances and increased volumes. The meeting also discussed a fast-track approach to drilling the appraisal well and outlined preferred solutions to meet energy priorities in the short and longer term. Eni has been present in Cyprus since 2013, operating in various blocks.

Eni, Total confirm , ‘excellent’ natgas well at Cronos-2

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Eni, Total confirm , ‘excellent’ natgas well at Cronos-2

Italy’s Eni and French TotalEnergies have confirmed the extension and excellent well deliverability at their joint natural gas field within the Cronos discovery in the Cyprus offshore exclusive economic zone. The Cronos-2 well was drilled to appraise the nearby Cronos discovery in Block 6, and it has high production capability estimated at over 150 million standard cubic feet per day of gas. Eni Cyprus Limited is the operator of Block 6 with a 50% participation, with partner TotalEnergies EP Cyprus B.V. holding the remaining 50%. The government’s main goal is to enable access to cheaper energy for Cypriot citizens. Cyprus is behind schedule in converting its infrastructure to import natural gas, resulting in significant carbon emission fines. Eni aims to tap into and export natural gas from the Cronos gasfields through a subsea pipeline to its Zohr field in Egyptian waters.

‘, Excellent’ Cronos gas discovery off Cyprus

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‘, Excellent’ Cronos gas discovery off Cyprus

– Cyprus’ energy ministry celebrated the successful completion of an appraisal well at Cronos-2 in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ), conducted by Eni and TotalEnergies.
– The Cronos-2 well is located 160 km off the coast of Cyprus and confirmed the lateral extension of the Cronos-1 discovery, which is 3 km away.
– The well revealed a net reservoir thickness of 115 meters.
– A Drill Steam Test indicated a high-quality natural gas reservoir with a high production capacity estimated to exceed 150 million Standard Cubic Feet per Day (MMSCFD) in production configuration.
– Cronos is the third natural gas discovery in Block 6, following Calypso in 2018 and Zeus in 2022.
– The energy ministry and the consortium are exploring ways to optimally exploit the gas deposits, including supplying gas to the Eastern Mediterranean, Cyprus, and Europe.
– The cluster of gas discoveries is expected to accelerate their development.
– Eni and TotalEnergies have made separate announcements regarding the appraisal of the Cronos gas discovery.
– The production test at Cronos-2 was instrumental in progressing with the studies to select the best fast-track development option.
– The well encountered the same carbonate reservoir sequence as Cronos-1, confirming hydraulic communication and a connected thick gas column with excellent permeability intervals.
– The production test at Cronos-2 proved the excellent gas deliverability capacity of the discovery.
– Eni and TotalEnergies are committed to swiftly progressing towards selecting the most suitable and economically viable development solution to contribute to the supply of gas to Europe and the region.
– TotalEnergies’ Senior Vice President Middle East & North Africa, Exploration & Production, Julien Pouget, stated that the successful appraisal of the Cronos gas discovery confirms significant resources and production potential in Block 6.
– Block 6 is operated by Eni with a 50% interest, and TotalEnergies is a partner holding the other 50% interest.
– Eni also operates Blocks 2, 3, 8, and 9 and has participating interests in Blocks 7 and 11 operated by TotalEnergies.
– TotalEnergies also has interests in offshore Blocks 2, 3, 8, and 9 in Cyprus.