In mid-January, drilling begins at “Electra”
The Republic of Cyprus within the subsequent few days should reply whether or not it accepts the event and manufacturing plan of the “Aphrodite” deposit in order that it could actually proceed with implementation, mentioned the Minister of Power Giorgos Papanastasiou.
In his statements after the session of the Council of Ministers, and, requested by journalists about whether or not selections are anticipated in time for block 12, Mr. Papanastasiou famous that for Block 12, which is “Aphrodite”, the event and manufacturing plan, which has already been delivered by the consortium, is anticipated to be accomplished.
He added that “within the coming days, the Republic of Cyprus should reply whether or not it accepts it in order that it could actually proceed with implementation”.
He famous that, implementation means getting into the brand new milestones “and primarily based on the brand new milestones, the precise consortium ought to begin implementing them in order that we are able to proceed with the event of the precise area”.
Requested about this, Mr. Papanastasiou mentioned drilling on the Electra goal will start in mid-January with a view to completion within the first quarter of 2025.
“The Electra goal is a geological construction that provides some promising alerts, however we should look ahead to this drilling to be accomplished to know precisely if these geological buildings match what we are going to truly see after drilling,” he mentioned.
Then, he added, the corporate's driller will go to a different effectively, at 10, to check a brand new goal, Pegasus, which could be very near Glaukos.
The Minister acknowledged that “Glaukos” “is a small deposit, so principally what this consortium seeks is to verify within the geological buildings of the world that there’s something further to the amount of “Glaukos”.
Supply: KYPE
