A natural gas field offshore Cyprus is believed to hold between six and eight trillion cubic feet, Italian energy firm ENI has said.
Speaking at an industry event in Cairo on Monday, CEO Claudio Descalzi said an appraisal well would have to be drilled to understand the real volumes of a recent discovery at Calypso 1, which was announced last week.
Asked whether it is believed to hold around 6 to 8 trillion cubic feet, Descalzi said: “It could be more or in that range… for sure it cannot be less but we have to understand it … It’s a good find that has merit to go ahead with additional investment.”
An analysis of data following a collection of fluids and rock samples revealed that Calypso “is a promising gas discovery and confirms the extension of the ‘Zohr-like’ play” into the Cypriot EEZ, ENI said in a company statement.
Zohr, a supergiant gas field discovered by ENI in 2015 in adjacent Egyptian waters, holds an estimated 30 trillion cubic feet (tcf) of resources in place.
6 Comments
Costas
February 13, 2018 at 17:45the Turkish EEZ obviously has reserves of nothing. This is the reason the Turks are trying to get hold of Cypriot finds
Costas
February 13, 2018 at 17:39the TRNC are not going the right way about getting recognition of their breakaway sham nation by getting big brother to do their harrasing and intimidation
Niko
February 13, 2018 at 11:53Turkey wants Cyprus Riches and is willing to come up with all sort of ridiculous arguments to back up its claim. This is why they always wanted to invade Cyprus and make it a province of Turkey (no other reason they are interested in Cyprus)
Jake Turner
February 13, 2018 at 11:11Congratulations to the Republic of Cyprus!!
Pc
February 13, 2018 at 11:04So, total gas finds now set at 10 tcf.
Jake Turner
February 13, 2018 at 11:11Minimum.