Elektra-1
Completed Hydrocarbon ShowsExploration well spudded in 2025 by ExxonMobil in Block 5
Overview
Block 5 exploration well drilled by ExxonMobil and QatarEnergy with the Valaris DS-9 drillship. Completed in April 2025: gas present in non-commercial quantities, but confirmed a working hydrocarbon system and good-quality reservoirs. The rig then moved to Block 10 to drill Pegasus-1.
Drilling Campaign
Drilling completed with non-commercial hydrocarbon shows.
- Well Type
- Exploration
- Result
- Hydrocarbon Shows
- Spud Date
- 23 Jan 2025
- Completion Date
- 14 Apr 2025
- Water Depth
- 1,950 m
- Total Depth
- —
Operator
Other ExxonMobil Wells
Drilled in
Well Data
- Type
- Exploration
- Status
- Completed
- Operator
- ExxonMobil
- Water Depth
- 1,950 m
- Total Depth
- —
- Coordinates
- 33.64°N, 31.05°E
Latest Energy News
Cyprus trapped in a quagmire where the price of peace keeps rising
The geopolitical landscape of the Eastern Mediterranean is undergoing a fundamental transformation, driven by escalating regional conflicts and shifting energy alliances. Nearly a decade after the collapse of the 2017 Crans-Montana summit, the Republic of Cyprus finds itself deeply embedded in th...
Shell to sell BG Cyprus and Aphrodite gas stake to MOL Group
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus and its Aphrodite gas field stake to MOL Group for up to $720m.
MOL buys Shell stake in Cyprus gas field for $720m
Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern Mediterranean. This acquisition is the biggest E&P growth opportunity for the company since acquiring a 9.57% stake ...