He looked on the bright side. “The importance of Onisiphoros lies in the fact that it proved that the geological model of Zohr (an Egyptian gas...
Energy Minister Giorgos Lakkotrypis, had to put a positive spin on the disappointing results of the exploration drilling in Block 11 by ENI and Total. After the build-up and the high expectations created, the minister needed to be rather imaginative in announcing that the Onisiphoros gas field was found to contain less than half a trillion cubic feet of natural gas, too small a quantity to make extraction commercially viable.
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