The Cronos-2 appraisal well confirmed the lateral extension of the Cronos-1 discovery from 2022 offshore Cyprus, TotalEnergies said on Feb. 15.
The Cronos-2 well, in Eni-operated deepwater Block 6, encountered several carbonate reservoir intervals with a net reservoir thickness of 115 meters. Eni and TotalEnergies each own a 50% interest in the block.
The production test confirmed an excellent gas deliverability of the well, TotalEnergies said.
“The successful appraisal of the Cronos gas discovery confirms the presence of significant resources and production potential in Block 6,” Julien Pouget, senior vice president for Middle East & North Africa exploration and production at TotalEnergies, said in a press release. “Full evaluation of the discovered resources will now be carried out to determine the best development option to contribute to supply gas to Europe and to the region.”
In addition to the Cronos-1 discovery in more than 2,200 m water depth in 2022, other Block 6 discoveries include Zeus-1 in 2022 and Calypso-1 in 2018.
Recommended Reading
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-26 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
2024-04-26 - Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.