Eni has made a major discovery on the offshore Cronos-1 well on Block 6 in Cyprus, the Italian super-major announced on Monday.
The company estimates reserves of 70.8 bcm (2.5 tcf) of gas in place, with significant upside through further exploration.
The Cronos-1 well is the fourth exploration well drilled by Eni’s local subsidiary Eni Cyprus and the second on the block following a gas discovery on Calypso-1 in 2018.
Block 6 is operated by Eni Cyprus, with TotalEnergies holding the remaining stake.
Source:Eni makes significant gas find in Cyprus – The Energy Year