Unsuccessful Completion of Drilling at Elektra Target
April 12, 2025
The ExxonMobil drilling at the Elektra target in the Cypriot EEZ has concluded without success, leading to disappointment. Initial optimism about a major discovery was dashed as only small amounts of natural gas were found. The government is expected to make an official statement on the matter, while discussions are underway for new drilling in nearby areas. Efforts will continue in other locations for potential discoveries.