Drilling at the Elektra-1 well offshore Cyprus has found natural gas but not in marketable quantities, the energy ministry stated on Monday.
“Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities,” the ministry said.
The well is located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ). Drilling was carried out on behalf of the consortium of ExxonMobil Exploration and Production Cyprus Offshore Limited
