Results at Onisiforos encouraging but well is non-commercial, says Energy Minister

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Results at Onisiforos encouraging but well is...
 © CyprusDaily 2017
The Onisiforos well in Cyprus’ exclusive economic zone is estimated to have less than half a trillion cubic feet (tcf) of natural gas, Energy Minister Yiorgos Lakkotrypis said on Tuesday.

Addressing a press conference, in Nicosia, after the completion of a drilling operation by energy giants ENI and Total in EEZ block 11, Lakkotrypis also said that the outcome means that the reserve is commercially not a stand-alone project.

The Minister added, however, that results are encouraging, in the sense that they confirm the existence of natural gas and a carbonate reservoir within Cyprus’...


Results at Onisiforos encouraging but well is non-commercial, says Energy Minister


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