The appraisal drilling “Glaucus-2” in block 10 of the Unique Financial Zone (EEZ) of the Republic of Cyprus is continuing easily, Power Minister Natasa Pilides mentioned on Friday, throughout a go to to the drilling – ship “Stena Forth”. The drilling is anticipated to be accomplished in March.
In keeping with a press launch from the Ministry of Power, the Minister was briefed on the spot throughout a go to to the drilling rig along with the US Ambassador to Cyprus Judith Garber, the Deputy Authorities Spokeswoman Niovi Parisinou, the Everlasting Secretary of the Ministry of Power Marios Panayides and the CEO of ExxonMobil Cyprus, Barnabas Theodosiou.
“As a part of our glorious cooperation with the consortium of ExxonMobil and Qatar Power, we now have the chance to go to the drilling rig that conducts the drilling `Glaucus-2`”, mentioned Pilides, in an announcement on the departure of the mission. She defined that the drilling is a part of the evaluation of the “Glaucus” deposit, which confirmed that it has hydrocarbons of wonderful high quality estimated at 5 to eight trillion cubic toes after the preliminary drilling.
She added that extra work was wanted to confirm the amount and to extract extra knowledge, which is already in progress with the drilling that began on December 21 and is anticipated to be accomplished by March 2022.
The Minister famous with satisfaction that the work was progressing easily and praised the wonderful cooperation between authorities businesses and the consortium, that resulted to overcoming any challenges arising with none downside.
On behalf of ExxonMobil, Theodosiou mentioned that the works began shortly earlier than Christmas and are anticipated to be accomplished in March.
“As soon as accomplished, we’ll consider the information we collected, one thing that can take us some months, in order that we are able to draw safer conclusions concerning the amount and high quality of gasoline within the Glaucus area,” he mentioned.
In her statements, the US Ambassador to Cyprus pressured that the US has all the time supported the event of deepwater hydrocarbon reserves found within the Jap Mediterranean.
“We imagine that they’ve the potential to carry monumental advantages to all Cypriots, but additionally to advertise larger co-operation and prosperity within the wider Jap Mediterranean area,” she mentioned.
She added that they’re working along with Cyprus and the EU for the transition to an vitality future with out fossil fuels and that the precise hydrocarbon discoveries will likely be crucial for this transition to a greener and cleaner vitality. Lastly, she mentioned that they have been very proud that ExxonMobil is a part of the consortium that’s creating these extraordinarily essential sources.