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Cyprus: ExxonMobil to gauge gas field size in 6-8 weeks

11 days ago   |   By My Sanantonio

NICOSIA, Cyprus - Drilling by ExxonMobil set for late next month to confirm how much natural gas is contained in a sizable deposit off Cyprus' southwestern coast will map out how the fuel will reach potential markets in Europe and Asia, the island nation's energy minister said on Wednesday.
Minister Natasa Pilides says the “significant” drilling at the ‘Glaucus-1' well inside block 10 of Cyprus' exclusive zone scheduled to start in 6-8 weeks will determine if the deposit is at the higher or lower end of its estimated size of 5-8 trillion cubic feet of natural gas.
A higher confirmed...
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