Map of the Cronos gas field advancement task in Block 6 offshore of CyprusSource: TotalEnergies
Italy’s energy giant Eni has actually fired the beginning weapon on the execution chapter of its Eastern Mediterranean task, granting building and drilling agreements to fast-track Cyprus’s first-ever industrial gas advancement, which is anticipated to reach production of up
Eni has actually signed the primary engineering, procurement, building(EPC )and drilling agreements for the advancement of the Cronos task, marking the start of the task’s execution stage and an essential turning point towards the money making of Cyprus’very first gas advancement.
According to the Italian giant, these agreements consist of drifting control system, transport and setups, offshore seal lines, subsea production system, versatile lines, umbilicals, onshore line EPC, and drilling rig services. The contracting activity follows the last financial investment choice (FID) reached on July 28, 2026, for the advancement of the Cronos gas discovery in Block 6 overseas Cyprus.
With resources approximated at more than 3 tcf of gas at first in location, the job is anticipated to reach a production plateau of approximately 500 million basic cubic feet daily, with start-up anticipated in H1 2028. The advancement will utilize a fast-track technique based upon local combination and using existing facilities.
The execution stage was officially introduced in Nicosia throughout an event participated in by Nikos Christodoulides President of the Republic of Cyprus; Michael DamianosMinister of Energy, Commerce, and Industry of the Republic of Cyprus; and Guido Brusco Eni’s Chief Operating Officer of Global Natural Resources.
Gas produced from Cronos will be carried to Egypt, where it will be processed through existing centers, consisting of the Zohr facilitiesbefore being melted at the Damietta LNG plant for export to worldwide markets, mostly Europe.
Block 6 is run by Eni with a 50% interest, along with its partner, TotalEnergies, which holds the staying half. The Italian company likewise runs Block 8 in Cyprus and holds getting involved interests in Blocks 7 and 11, which are run by TotalEnergies.
Eni highlighted: “As Eni’s very first advancement task in Cyprus and the nation’s very first hydrocarbon advancement, Cronos represents a tactical turning point for the Republic of Cyprus.
“The job will support the nation’s development as a gas manufacturer and exporter while enhancing the combination of energy systems throughout the Eastern Mediterranean utilizing existing Egyptian gas and LNG facilities.”
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