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Italy’s Eni has announced a significant gas discovery at the Cronos-1 well off Cyprus.
The block is operated by Eni, with both End and Total Energies holding a 50% interest each.
Eni estimates around 2.5 TCF of gas in place, with significant additional upside possible with a further exploration well in the area.
Cronos-1 well is the fourth exploration well drilled by Eni off Cyprus and the second well in Block 6.
“The gas discovery of Cronos-1 can unlock additional potential in the area and is part of Eni’s successful effort to provide further gas supply to Europe,” End said in a release.
