A consortium made up of energy companies, Eni from Italy and France’s Total, is expediting plans to develop natural gas deposits off the island of Cyprus following the discovery of a third field containing 2-3 trillion cubic feet of hydrocarbon inside the same licensed exploration area, announced the Greek Cypriot administration’s energy ministry on Wednesday.
The ministry announced the discovery at the “Zeus-1” well some 162 kilometers (100 miles) inside Block 6 off the Greek Cypriot coastline, at a depth of 2,300 meters (1.42 miles).
The field, containing a 105-meter (344-foot) column of gas is located just 5 kilometers (3 miles) west of the “Cronos-1” well where the consortium announced the discovery of an estimated 2.5 trillion cubic feet of natural gas in August.
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