Qatar Petroleum and ExxonMobil announced that they have made a significant natural gas discovery on the Glaucus-1 prospect, located in Block 10 of the Eastern Mediterranean, approximately 180 km south-west from Limassol port which is offshore Cyprus.
The Glaucus-1 well encountered approximately 133 m of the gas-bearing reservoir. The well was safely drilled to a depth of approximately 4,200 m. Based on a preliminary interpretation of well data, the discovery could represent an in-place resource of approximately 5 – 8 tn cubic feet. Further analysis will be undertaken over the coming months to better determine this estimate.
His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and the President & CEO of Qatar Petroleum commented:
We are pleased to announce this discovery in Cyprus, which is the second in Qatar Petroleum’s international exploration portfolio. This achievement is an important milestone in our strategy to expand our international footprint.’
His Excellency Mr Al-Kaabi added:
I would like to congratulate and thank our partner, ExxonMobil, for the outstanding performance that led to this important achievement.’
Glaucus-1 was the second of two well-drilling programmes in Block 10. Sadly, the first well, Delphyne-1, did not encounter commercial quantities of hydrocarbons.
Block 10 covers an area of 2,572 square km and is operated by ExxonMobil with a 60% working interest, alongside Qatar Petroleum with a 40% working interest.