📋 Tender Overview
The Ministry of Energy, Commerce and Industry announces the completion of drilling operations at the Elektra-1 well, in Block 5 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus, conducted by the consortium of ExxonMobil Exploration and Production Cyprus (Offshore) Limited (Operator) and QatarEnergy International E&P LLC. Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities. According to Operators early assessment, Elektra-1 has yielded encouraging results, confirming the existence of a hydrocarbon system and good quality reservoirs. The data collected during the drilling operations are being evaluated to determine consortiums future plans in Block 5. The Valaris DS-9 drillship, which carried out the drilling operations, will now move to Block 10 of the EEZ of Cyprus to conduct exploration drilling at the Pegasus-1 well site, on behalf of the consortium of ExxonMobil Exploration and Production Cyprus (Offshore) Limited and QatarEnergy International E&P LLC. (GA/NZ/IA)
