Italian oil firm Eni, in partnership with the French oil company Total, has made a gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus.
The news was initially reported Wednesday by the Cypriot media and Reuters, and eventually confirmed by TotalEnergies.
"The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for the area and its development," TotalEnergies said.
Reuters cited Kathimerini Cyprus which reported on its website that an estimated preliminary quantity of the Zeus-1 discovery was 2.0-3.5 trillion cubic feet (tcf) of natural gas.
Eni then separately said the gas in place associated to the Zeus find "is preliminarily estimated between 2 and 3 TCF."
This Zeus discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block, respectively, in 2018 and August 2022.
Located 162 km off the Cyprus coast and 5 kilometers west of Cronos-1, Zeus-1 has been drilled and tested by Tungsten Explorer drillship, owned by Vantage Drilling.
“This success at Zeus-1 further enhances the potential of Block 6, only four months after the Cronos-1 discovery," said Kevin McLachlan, Senior Vice President, Exploration at TotalEnergies. “New data gathered from the well will assist our ongoing assessment of fast-track development options for the discovered resources.”
Eni is the operator of Block 6 and owns a 50% stake. TotalEnergies owns 50% as a partner.