13.01.2017|Oil and Gas People
Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit. Total’s announcement that it will drill a 2017 exploration well in its deepwater Block 11 located offshore Cyprus indicates the growing interest in the wider region.
The IHS Markit Basin Insights Service, as well as the Critical Wells Insight Series, highlights why companies and governments are intensely interested in the geologic potential of this block and the results of Total’s exploration well to be drilled later this year. IHS Markit believes that this well will be one of the most critical wells drilled globally in 2017 for the E&P industry, especially given the slowdown in exploration drilling worldwide.