Tristan Aspray

ExxonMobil added another giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus but infrastructure bottlenecks and geopolitical disputes mean output from the field could be far off.

US oil giant ExxonMobil announced on Thursday the discovery of a significant offshore gas find in Cyprus's Block 10, Kathimerini Cyprus reported.
According to the preliminary interpretation of the data, the natural gas reservoir at the Glaucus-1 well is estimated between 5 trillion to 8 trillion cubic feet.

Tristan Aspray, ExxonMobil Vice President of Exploration for Europe, Russia, and the Caspian will meet with Cyprus President Nicos Anastasiades on Thursday, it was announced.
Aspray will brief Anastasiades on the progress of ExxonMobil's exploratory drillings in Block 10.

US energy giant ExxonMobil is set to start looking for natural gas reserves off the coast of western Crete and is optimistic of "future discoveries," the company's vice president of Exploration for Europe, Russia and the Caspian has said.

ExxonMobil is aware of the particular geopolitical situation in the region of Cyprus, Tristan Aspray, the company's vice-president for Exploration in Europe, Russia and the Caspian, said during an investment forum hosted by the Cyprus Investment Promotion Agency at Bloomberg's European headquarters in London on Friday.

Major energy deals involving Greek and US interests were announced at Friday's American Hellenic Chamber of Commerce conference held in the context of this year's Thessaloniki International Fair, which officially opens on Saturday.

Turkish Foreign Minister Mevlüt Çavuşoğlu has said Turkey and Turkish Cyprus will respond in coordination to a French-Italian drill off southeastern Cyprus, which he mocked as a "so-called international tender."

Turkey on Wednesday issued two navigational telexes (navtexes) to conduct research within Cyprus's exclusive economic zone (EEZ) southwest of Paphos, in a move certain to revive tensions in the region.