Exxon Cyprus Drilling Flop

ExxonMobil’s highly-anticipated end-2018 drilling of the ‘Delphine’ prospect on Cyprus’ deepwater Block 10 failed to find commercial volumes of gas. The Stena Icemax drillship has now moved on to the ‘Glaucus’ prospect to the northeast, also on Block 10 but closer to Eni’s January 2018 Calypso discovery on Block 6 (see map).

Exxon (60%op) and 40% partner QP say they will make an official announcement on drilling results in March after the completion of Glaucus drilling. Delphine was drilled to a depth of over 5,000ms in water depth of 1,970ms. Glaucus is somewhat shallower, being drilled to a depth of 4,000ms.

Cyprus has had mixed success in its offshore drilling. Since US firm Noble Energy discovered the as yet undeveloped 4.5tcf Aphrodite in 2011, Eni has drilled two dry wells in 2015 in Block 9, French major Total drilled a dry well in Block 11 before Eni discovered what is believed to be 6-8tcf at Calypso in Block 6. (CONTINUED - 216 WORDS)