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Cyprus: No Exploitable Quantities of Hydrocarbons Found in 'Onasagoras'

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, “as soon as possible,” noting that discussions on the issue are very advanced.
Referring to “Onasagoras,” he said that on international level drillings in sea depths like in Cyprus technically have a 26% chance of success.
(source: CNA)

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