Exxon drills exploration
ExxonMobil drills Cyprus exploration well on mammoth gas prospect
According to S&P Global, estimates suggest that the Electra-1 exploration well is targeting a structure that could hold between 15 Tcf and 30 Tcf of gas. In a post on X, President Nikos Christodoulides of Cyprus announced that drilling began on Friday morning.
Exxon Begins Drilling for Natural Gas Offshore Cyprus
ExxonMobil and its partner offshore Cyprus, QatarEnergy, on Friday started drilling for natural gas in an exploration block in the island nation’s exclusive economic zone, the President of Cyprus, Nikos Christodoulides, said. The U.S. supermajor and Qatar’s state energy giant launched drilling activities in Block 5, Christodoulides wrote on X.
In December, ExxonMobil updated its corporate plan, including new cost savings targets, earnings and cash-flow expectations, ...
ExxonMobil and QatarEnergy started drilling work for natural gas in Block 5 of Cyprus’ exclusive economic zone (EEZ).
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