The presence of natural gas in non-commercial quantities was confirmed by the data collected from the “Elektra-1” exploration well in Block 5 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus, the Ministry of Energy, Commerce and Industry announced. Despite the limited reserves, the preliminary assessment of the results is considered encouraging, confirming the existence of a hydrocarbon system and good quality reservoirs. The drillship “Valaris DS-9” is now preparing to continue operations in Block 10, at the “Pegasus-1” target.