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Results at 'Onesiphoros' encouraging but well is non-commercial, says Energy Minister (2)
CNA - Thalia Neophytou - CYPRUS/Nicosia 12/09/2017 16:23

The “Onesiphoros West 1” well in Cyprus’ Exclusive Economic Zone (EEZ) is estimated to have less than half a trillion cubic feet (tcf) of natural gas, Energy Minister Yiorgos Lakkotrypis said on Tuesday.
Addressing a press conference, in Nicosia, after the completion of a drilling operation by energy giants ENI and Total in Cyprus’ offshore block “11”, Lakkotrypis also said that the outcome means that the reserve is commercially not a stand-alone project.
The Minister added, however, that results are encouraging, in the sense that they confirm the existence of natural gas and a carbonate reservoir within Cyprus’ EEZ, similar to the one discovered in Egypt’s “Zohr” field.


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