Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and thick gas columns. This successful appraisal underscores Eni’s commitment, alongside TotalEnergies, to expedite development solutions for enhanced gas supply to Europe and the region. Eni’s longstanding presence in Cyprus and its significant role in Block 6 operations further solidify its strategic importance in the region’s energy landscape.

(PRESS RELEASE) MILAN, 15-Feb-2024 — /EuropaWire/ —  Eni S.p.A. (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency and accessibility for all, proudly announces the completion of the Cronos-2 well, a significant milestone in the appraisal of the Cronos discovery situated in Block 6, offshore Cyprus. Following its drilling in August 2022, the production test conducted has revealed a robust well production capacity exceeding 150 million standard cubic feet per day (MMSCFD) in production configuration. This accomplishment marks a pivotal step forward in advancing studies to determine the optimal fast-track development strategy.

The primary objective of Cronos-2 was to confirm the lateral extension of the Cronos gas discovery, originally identified with the Cronos 1 exploration well located approximately 3 kilometers away. Additionally, the well aimed to evaluate reservoir characteristics through a comprehensive production test. Encountering the same carbonate reservoir sequence as Cronos-1, Cronos-2 has not only affirmed hydraulic communication but also identified a well-connected thick gas column boasting excellent permeability intervals.

In conjunction with extensive data acquisition efforts, Cronos-2 underwent a thorough and protracted production test, showcasing the discovery’s remarkable gas deliverability capacity.

This marks Eni’s fourth well drilled in Block 6, following the significant gas discoveries of Calypso in 2018 and Cronos and Zeus in 2022. The expeditious drilling of Cronos-2 post the Cronos discovery underscores Eni and its partner TotalEnergies’ unwavering commitment to expedite the selection of the most suitable and economically viable development solution. This, in turn, will bolster gas supply to Europe and the surrounding region.

Eni’s presence in Cyprus since 2013 has been instrumental in Block 6’s operations, with Eni holding a 50% interest in the block, alongside TotalEnergies as a partner. Eni also operates Blocks 2, 3, 8, and 9 and holds participating interests in Blocks 7 and 11, both operated by TotalEnergies.

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SOURCE: Eni S.p.A.