Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Licensing rounds
Search
Related Articles
The 2022 Power Play Awards presented by ExxonMobil LNG are back!
The awards, which support inclusion and diversity, are open for nominations for their fourth year
East Med aims to reap renewed gas appetite dividend
Europe’s new urgency to diversify from Russian supply should offer opportunities, according to regional producer Energean
ExxonMobil maintains breakneck Stabroek pace
The major will proceed with Yellowtail, its largest Guyanese project to date
Seplat denies ExxonMobil deal under threat
Acquisition of US major’s assets still on track, says Nigerian independent
ExxonMobil and OMV back out of Russian projects
The US major is withdrawing from Sakhalin 1 while OMV is dropping a proposed Gazprom deal
INOC sets the stage for oil uptick
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
Guyana’s burgeoning oil sector continues to advance
Two fresh discoveries and further developments are helping to cement the frontier province’s leading status
Exit options still cloud Cyprus gas optimism
Post-pandemic green shoots for the island nation’s fledgling upstream industry are blighted by the same old questions
US majors target Permian cash cow
Lower 48 production in the Texas and New Mexico shale play is poised to generate a mountain of cash over the next half-decade
ExxonMobil LNG receives 2021 Gastech Diversity & Inclusion Award
Firm’s commitment to inclusivity through its Power Play initiative saw it scoop award at Gastech conference
Cyprus Eastern Mediterranean ExxonMobil
Gerald Butt
28 February 2019
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

ExxonMobil gas discovery boosts Cyprus’ energy hopes

The find may revive interest in establishing an LNG plant on the island

Since last October, Cypriots had been holding their breath, waiting for news of ExxonMobil's drilling in offshore Block 10. The result looks promising—it could well be the island's biggest discovery thus far, with the US major saying there is 6-8tn ft3 of natural gas in place in the Glaucus-1 well. The gas-bearing reservoir lies in 436ft (133m) of water. The Glaucus-1 find follows Eni's announcement last year of the discovery of around 6tn ft3 at its Calypso-1 well in Block 6. The first gas find in Cyprus' offshore, Aphrodite in Block 12 made in 2011, has an estimated 4.5tn ft3 in place. Noble Energy is the operator, in partnership with Shell and Delek Drilling.  ExxonMobil says that evaluat

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Invictus sees gas opportunities in Zimbabwe
25 May 2022
Managing director Scott MacMillan tells Petroleum Economist about how the once-pariah African state is changing for the better
ESG and risk pose Apac LNG-to-power funding challenges
25 May 2022
Lenders and insurance brokers see huge regional variation across the Asia-Pacific region in terms of funding for LNG-to-power projects, panellists said at Petroleum Economist’s LNG to Power Forum Apac
Asia continues long-term LNG supply quest
24 May 2022
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans
Asian LNG demand sees ‘retracement’ not ‘destruction’
24 May 2022
The impact of high prices should be only a temporary phenomenon

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search