ENI CONFIRMS CALYPSO DISCOVERY OFFSHORE CYPRUS

February 09, 2018

Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics.
An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cyprus Exclusive Economic Zone (EEZ).
Additional studies will be carried out to assess the range of the gas volumes in place and define further exploration and appraisal operations.
The discovery of the major natural gas field in Cypriot economic waters is located at 75 kilometers off the island’s southern coast. The reservoir reportedly contains 170-230 BMC of gas, 70% as much as the Tamar reservoir in Israel’s territorial waters. The reservoir, which is located in bloc 6 and is called Calypso, will be developed by a European consortium composed of Italian company ENI and French company Total. Eni is the Operator of Block 6 with 50% of participation interest while Total is partner with the remaining 50%. (Source: Eni)