Cyprus Mail
BusinessCyprusEnergy

‘Not enough gas’ in Onasagoras

By George Psyllides

ENI-KOGAS has not found enough commercially exploitable natural gas reserves in its first exploratory drill at the offshore Onasagoras field, the energy ministry said on Friday.

According to an official announcement, the joint venture will complete drilling within the next few days and move on to the Amathusa field, also located in bloc 9 of the Cyprus exclusive economic zone.

“Drillship Sapiem 10000 will continue as normal, the exploration programme that started last September,” the ministry said.

The Onasagoras drill reached the expected depth of 5,800 metres in what was the first of a series of drills by SAIPEM 10000.

The gas field was not the biggest potential prospect but one with the highest probability of success, according to industry sources.

ENI-KOGAS holds concessions on offshore blocs 2, 3 and 9.

Previous drills by Houston-based Noble Energy at the ‘Aphrodite’ well, in bloc 12, have come up with 3.6 to 6 trillion cubic feet (tcf) of natural gas.

It is understood, however, that privately the Americans have narrowed down the quantities to around 3.1 tcf

French energy giant Total has licences on blocs 10 and 11, which border Egyptian waters of the Nile Delta.

The area around ENI-KOGAS’ drill has become the focus of a dispute between Cyprus and Turkey, which dispatched its own research vessel to the area.

The move came after Ankara issued a maritime notice, or NAVTEX, reserving certain areas of the EEZ for surveys from October 20 to December 30.

Turkey’s action prompted President Nicos Anastasiades to pull out of reunification talks.

Related Posts

Podcast to show the island’s rich and diverse history

Andrea Charalambous

Weekend Escapes: Episode 6 “Loud Music Festival 2022 ”

CM Guest Columnist

Primary school children involved in protecting under-threat vultures

Anna Savva

Post fact figments, sometimes of imagination: The Cyprus Airways crash of the 1960s

CM Guest Columnist

PwC survey: ‘Great Resignation’ of workers is set to continue as pressure on pay mounts

CM Guest Columnist

Cypriot authorities put Sunday’s tremor at 2.6, epicentre east of Limassol

Staff Reporter

89 comments

Comments are closed.