ExxonMobil and Qatar Petroleum consortium’s drilling which started on Tuesday in offshore block 10 is not going to solely decide the gasoline portions situated within the reservoir there.
To a big extent, it’ll additionally decide the velocity and the way in which of exploitation of the hydrocarbons within the Cypriot Unique Financial Zone, Philenews experiences.
The outcomes are anticipated through the first quarter of 2022 and is one thing Nicosia eagerly await with excessive expectations, it added.
The consortium carries out an appraisal nicely within the “Glafcos” gasoline discover in block 10 which is estimated to hold a reservoir between 5 and eight trillion cubic ft.
Block 10 was relinquished by the French firm Whole 4 years in the past as “no gasoline potential was anticipated within the block”.
It’s located few kilometers away from the Egyptian Zohr subject had been the largest gasoline discovery (30 TCF) within the Mediterranean Sea was made.