Completion of Drilling in Block 5: Disappointing Findings
April 14, 2025
The Ministry of Energy announced the completion of drilling operations at the 'Elektra-1' site in Block 5 of Cyprus's EEZ. The investigations revealed the presence of natural gas, but in non-exploitable quantities. Despite the disappointing findings, the results are considered encouraging as they confirm the existence of a hydrocarbon system. The drilling rig will be moved to Block 10 for further exploration.