We operate in the country through the company Eni Cyprus Ltd. In February 2018 we made a gas discovery in the Calypso 1 well located in Block 6, of which we are 50% operators. The well, drilled at a depth of 2,074 meters of water and a total depth of 3,827 meters, has encountered an extensive column mineralized with methane gas in rocks of the Miocene and Cretaceous ages, the latter with excellent reservoir properties. The well is a promising discovery and detailed sampling on fluids and rocks has confirmed that the Zohr play extends into the exclusive economic waters of Cyprus. For an accurate evaluation of the size of the finding we will need to carry out new studies and a delineation programme.
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