Eni Makes Lean Gas Discovery in Cyprus

02/08/18 05:47 AM EST
   By Marc Bisbal Arias 
 

Eni SpA (ENI.MI) said Thursday that it has made a lean gas discovery in Block 6 offshore Cyprus.

The company said that it found an extended gas column in rocks from the Miocene and Cretaceous age, the latter of which has "excellent reservoir characteristics."

The Italian company said that the well was drilled in 2,074 meters of water, with a final total depth of 3,827 meters.

Further studies will be conducted to evaluate the range of the gas volumes, as well as to define additional exploration and appraisal operations, Eni said.

With a 50% participation interest, Eni is the operator of Block 6. Total is a partner with the other 50% stake.

 

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com

 

(END) Dow Jones Newswires

February 08, 2018 05:47 ET (10:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.