No exploitable quantities of hydrocarbons were found in an exploratory well in the “Onasagoras” reservoir, in Cyprus` exclusive economic zone (EEZ) block 9. The Energy Ministry, announcing on Friday the preliminary results of the exploratory well, said that the Italian-South Korean consortium ENI/KOGAS will move on to the next drilling at “Amathousa” reservoir, again in EEZ block 9.
ENI`s drill ship, “SAIPEM 10000” will continue with its research activity that has started in September, the announcement adds.
It also noted that the government of Cyprus, having taken under consideration all facts and having adequately prepared for all options, “is proceeding according to its strategic planning” both in relation to the research activity, as well as with regards to the commercial exploitation of the “Aphrodite” reservoir, in block EEZ 12.
The announcement notes that “Onasagoras” was the first of a series of drillings to be undertaken by SAIPEM 10000 in Cyprus` EEZ.
ENI/KOGAS are evaluating all data collected during the exploratory well, to be used in the future, while this evaluation may take some time, due to the complex geological landscape of the area, the announcement concludes.
The Italian-South Korean consortium has been awarded exploration licenses in blocks 2,3 and 9 of Cyprus` exclusive economic zone. Prior to drilling, ENI completed 2 seismic surveys, and its overall planning includes 6 wells.
Cyprus was prepared for the possibility that no hydrocarbon reserves would be found in the “Onasagoras” area in block 9 of Cyprus` Exclusive Economic Zone (EEZ), Minister of Energy Giorgos Lakkotrypis told journalists on Friday announcing the preliminary results of the exploratory drilling of Italian-South Korean consortium ENI/KOGAS, according to which no exploitable quantities of hydrocarbons were found in “Onasagoras”.
The Minister underlined that the government will focus on the commercial exploitation of `the very important` field of `Aphrodite` in block 12 of Cyprus` EEZ, `the soonest possible`, noting that discussion on the issue are very advanced.
Referring to `Onasagoras`, he said that on international level drillings in sea depths like in Cyprus have a technical chance of success of only 26%. He also said that consortium ENI/KOGAS will move on to the next drilling at “Amathousa” field, in block 9 of Cyprus` EEZ.
“We can only say with certainty that we have not found any exploitable quantities of hydrocarbons”, he said, adding that the government was prepared for all possibilities, including this one.
“This was one of the possibilities”, the Minister pointed out, noting that unless a drilling takes place the existence of hydrocarbon reserves can not be confirmed.
As regards the government plans for the construction of an LNG in Cyprus, Lakkotrypis said that the government was expecting the results of “Onasagoras” to see if there are enough quantities to be added to the ones of “Aphrodite”.
“But since the results were not the expected ones the government will now focus on the “Aphrodite” field which will bring great benefits for the Republic of Cyprus”, he said.
Asked whether ENI/KOGAS has informed the government of Cyprus when they will begin activities in block 3 of Cyprus` EEZ, where Turkish seismic vessel “Barbaros” continues its illegal exploration, Lakkotrypis said that this depended on the results of the first drilling in “Onasagoras”.
“If there were small or medium quantities (in `Onasagoras`) they (ENI/KOGAS) would begin activities in block 3”, he said, adding that because this was not the case, the consortium will proceed to the nearby area called `Amathousa` in block 9.
He also pointed out that any decisions taken are not linked with Turkey`s illegal activities in Cyprus` EEZ and recalled that Turkey is violating Cyprus` EEZ in blocks 9 and 2 as well.