Cyprus and ExxonMobil on Thursday announced a gas find estimated between 5-8 trillion cubic feet in an offshore field inside the island’s exclusive economic zone.
The discovery was made in the Glaucus field.
“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters). Further analysis in the coming months will be required to better determine the resource potential,” the company said.
This is the second big find following Noble Energy’s discovery of 4.5 tcf in 2011 in a field known as Aphrodite.
The post ExxonMobil announces 5-8tcf gas find offshore Cyprus appeared first on Cyprus Mail.
Read more → https://cyprus-mail.com/2019/02/28/exxonmobil-announces-5-8tcf-gas-find-offshore-cyprus/
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