Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well ...Middle East

OILPRICE - Economy
Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well
source : OILPRICE ( Middle East ) () 17
The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. The well intersected approximately 350 meters of gas-bearing reservoir at a depth of 1.9 kilometers, according to government spokesperson Konstantinos Letymbiotis. Drilling was carried out by the Stena Forth drillship and concluded in late June. While ExxonMobil has not issued a public statement, the Cypriot presidency said further technical evaluation will be required to assess the well's…

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