Eni makes ‘Zohr-like’ discovery offshore Cyprus

Italian oil company has confirmed making “a lean gas discovery” in Block 6 Offshore Cyprus with Calypso 1 NFW, confirming reports of a discovery released last week by the Cypriot media.

In a statement on Thursday, the oil and gas company said the well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics, Eni said.

“Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cyprus Exclusive Economic Zone (EEZ),” Eni said, referring to its Zohr field which recently started producing offshore Egypt. Zohr is seen as the largest gas field in the Mediterranean.

As for the Calypso, Eni said that an intensive and detailed data collection (fluids and rock samples) has been executed on the well. Additional studies will be carried out to assess the range of the gas volumes in place and define further exploration and appraisal operations.

Eni is the Operator of Block 6 with 50% of participation interest while Total is partner with the remaining 50%. Eni has interests in six licenses located in the EEZ of Cyprus (in Blocks 2, 3, 6, 8, 9 and 11), five of which are operated.