Energy companies TotalEnergies and ENI announced a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus.
Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters, said TotalEnergies in a statement.
TotalEnergies and ENI each have a 50% stake in Block 6.
"This successful exploration well at Cronos-1 is another illustration of the impact of our exploration strategy which is focused on discovering resources with low technical cost and low carbon emissions, to contribute to energy security including to provide an additional sources of gas supply to Europe," Reuters quoted Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies, as saying.
Cyprus's offshore exploration program has faced strong objections from Türkiye. The island was divided after a 1974 Turkish invasion, with overlapping claims of jurisdiction extending from land to the sea since.
