Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Eni (operator) have made a significant gas discovery on the Cronos-1 well, located in Block 6, off the coast of Cyprus. This discovery follows that of Calypso-1 made on this same block in 2018.
Located about 160 km southwest of the Cypriot coast, Cronos-1 encountered several intervals of good quality carbonate reservoir and confirmed a net gas thickness of more than 260 meters.
“This success on the Cronos-1 exploration well is further illustration of the impact of our exploration strategy which focuses on low technical cost and low emissions resources, in order to contribute to energy security and provide additional gas supply resources to Europe. », said Kevin McLachlan, Exploration Director of TotalEnergies.
The drilling of an additional exploration well on Block 6 is planned in order to investigate significant additional resources and to evaluate the best development options.
TotalEnergies holds a 50% stake in Block 6, of which Eni is the operator (50%).
In Cyprus, TotalEnergies is also present in offshore blocks 11 (50%, operator), 7 (50%, operator), 2 (20%), 3 (30%), 8 (40%) and 9 (20%) .
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About TotalEnergies
TotalEnergies is a global multi-energy company producing and supplying energy: oil and biofuels, natural gas and green gas, renewables and electricity. Its more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
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