New Gas Discovery Offshore Cyprus Not Commercially Viable

Eni and Total have discovered gas while drilling in Cyprus waters close to the giant Zohr gas field discovery offshore Egypt, but the estimated quantity of the newly discovered field is too small to develop on its own, Cypriot Energy Minister Yiorgos Lakkotrypis said on Tuesday. The field contains less than 0.5 trillion cubic feet of gas, but the drilling proved that the Zohr-type geological model works, Lakkotrypis told reporters, as carried by Associated Press. “We’re not disappointed with this drilling,” the minister said,…

The post New Gas Discovery Offshore Cyprus Not Commercially Viable appeared first on aroundworld24.com.