U.S. oil major ExxonMobil and partner Qatar Petroleum started drilling the Glaucus-2 well in Block 10, offshore Cyprus, to better understand the size of the giant Glaucus-1 gas discovery made in the block back in 2019.
According to the Ministry of Energy, Commerce and Industry the consortium will drill an appraisal well in the Glafcos gas find inside block 10 which is estimated to carry a reservoir between 5 and 8 trillion cubic feet of natural gas.
The drillship Stena Forth will perform the deep-well drilling. Results are expected within two months.
The two companies earlier this month also signed an exploration and production sharing contract with Cyprus for the offshore Block 5 located southwest of the island.