Petroleum reservoir

Cronos represents the third discovery of a natural gas reservoir in Block 6 of the Cypriot EEZ, along with Calypso (2018) and Zeus (2022)

Turkey's fourth drill ship will begin drilling activities next summer, Energy and Natural Resources Minister Fatih Dönmez said on Nov. 25.

The new ship, which is capable of operating in harsh sea conditions and even in high-pressure reservoirs, will join the fleet in the spring of 2022.

Engineering works at Turkey's Sakarya Gas Field in the Black Sea region are completed and the first subsea pipes will be laid in the spring of 2022, the Energy and Natural Resources Minister Fatih Dönmez confirmed on Nov. 22.

Royal Dutch Shell told reporters in Sofia on Tuesday that it will launch an exploratory drilling operation next month in the Han Kubrat oil and gas field off the coast of Burgas in the Black Sea.

The 90-day exploration will commence off the Noble Globetrotter II ship on 1 April 1, about 80 kilometres from Burgas in south-east Bulgaria.

A sufficiently large and commercially viable oil reservoir has been discovered in Cyprus's second target in Block 10 named Glaucus-1, according to Kathimerini Cyprus sources with knowledge of the matter.

Official results from Exxonmobil are not expected until the end of next week.

A sufficiently large and commercially viable oil reservoir has been discovered in Cyprus's second target in Block 10 named Glaucus-1, according to Kathimerini Cyprus sources with knowledge of the matter.

Official results from Exxonmobil are not expected until the end of next week.