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Cyprus: Rumors of a huge hydrocarbon deposit in the Block 6 – Nothing to announce yet says the government

The Cypriot Ministry of Energy in an announcement notes that drilling at the “Cronos-1” target in Block 6 of the Cyprus Exclusive Economic Zone is ongoing and there is nothing to announce at this stage.

The announcement was issued following a newspaper report according to which, during the works of the ENI/TOTAL consortium, a “huge deposit” was discovered in Block 6, while there are additionally positive indications of a second column of natural gas next to the location of the deposit.

The Ministry of Energy of Cyprus limits itself to reporting that “the operations of the “Cronos-1″ well, within Block 6 of the Exclusive Economic Zone of the Republic of Cyprus, are ongoing and there is nothing to announce at this stage”.

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It adds that the drilling, carried out by the joint venture Eni Cyprus Limited and TotalEnergies EP Cyprus B.V. which holds a Hydrocarbon Exploration License for the Block in question, is expected to be completed within the next few weeks.

Finally, it reminds that the drilling operations started on 23/5/2022 with the drilling ship “Tungsten Explorer” and are monitored, on a continuous basis, by the staff of the Hydrocarbons Service, Ministry of Energy, Trade and Industry.

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