Energy TotalEnergies and ENI make major gas discovery off Cyprus shore By Reuters August 23, 2022, 5:26 AM Creative Commons Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters TotalEnergies and ENI each have a 50% stake in Block 6Turkey has objected to Cyprus’s offshore exploration programmes Energy companies TotalEnergies and ENI announced a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 metres, said TotalEnergies in a statement. TotalEnergies and ENI each have a 50 percent stake in Block 6. “This successful exploration well at Cronos-1 is another illustration of the impact of our exploration strategy which is focused on discovering resources with low technical cost and low carbon emissions, to contribute to energy security including to provide an additional sources of gas supply to Europe,” said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies. Cyprus’s offshore exploration programme has faced strong objections from Turkey. The island was divided after a 1974 Turkish invasion, with overlapping claims of jurisdiction extending from land to the sea since.
