Our View: Electricity costs can’t wait for gas pipelines
The disappointing results of the gas drilling at the Elektra-1 well in Block 5 of the Cypriot EEZ may have caused some surprise, bearing in mind ExxonMobil’s earlier assessment of ...
Energy minister plays down Electra-1 gas disappointment
As Cyprus recovers from the disappointment over the failure to find commercially viable natural gas at the Electra-1 target, Energy Minister George Papanastasiou has said the outcome is not as ...
Cyprus awaits official word after Electra gas disappointment
Cyprus is waiting for an official update on Monday after disappointing news from a major offshore drilling project. The drilling at the “Electra” target in block 5 of the island’s ...
Electra was unsuccessful
In an article in MEES, Peter Stevenson reveals that ExxonMobil’s Electra well in block 5 was unsuccessful. It encountered gas, but not in commercial quantities.
There were high expectations that ...
Delays to drilling in Electra field
The completion of drilling at the ‘Electra’ field in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ) has been pushed to next week due to minor delays caused by geological pressures ...
Gas drilling to begin mid-January
ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou ...