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Total hail ‘significant resources and production potential’ of Cyprus gasfield

TotalEnergies has announced the successful completion of the drilling and production test of the Cronos-2 appraisal well, in Block 6, offshore Cyprus, according to a bulletin on Yahoo Finance.

‘The successful appraisal of the Cronos gas discovery confirms the presence of significant resources and production potential in Block 6,’ Julien Pouget, Senior Vice President Middle East at TotalEnergies said. ‘Full evaluation of the discovered resources will now be carried out to determine the best development option to contribute to supply gas to Europe and to the region’.

On Wednesday, the Cypriot Minister of Energy said Cyprus could start producing its first natural gas as soon as 2026.

Famagusta Gazette