Cyprus: TotalEnergies Announces Positive Appraisal of the Cronos Gas Discovery in Block 6
15 February 2024 - 8:49PM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the
successful completion of the drilling and production test of the
Cronos-2 appraisal well, in Block 6, offshore Cyprus. TotalEnergies
holds a 50% interest in Block 6, alongside with Eni (50%,
operator).
The Cronos-2 well confirmed the lateral extension of the
Cronos-1 discovery drilled in August 2022.
Located at approximately 160 km southwest of the Cyprus coast,
Cronos-2 encountered several carbonate reservoir intervals with a
net reservoir thickness of 115 meters. The production test
confirmed an excellent gas deliverability of the well.
Two additional discoveries, Calypso-1 and Zeus-1, were made on
the same Block in 2018 and 2022 respectively.
“The successful appraisal of the Cronos gas discovery confirms
the presence of significant resources and production potential in
Block 6. Full evaluation of the discovered resources will now be
carried out to determine the best development option to contribute
to supply gas to Europe and to the region”, said Julien Pouget,
Senior Vice President Middle East & North Africa, Exploration
& Production at TotalEnergies.
In Cyprus, TotalEnergies is also present in offshore Block 11
(50%, operator), 7 (50%, operator), 2 (20%), 3 (30%), 8 (40%) and 9
(20%).
***
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and
accessible to as many people as possible. Active in nearly 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
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