Reserves Comparison
Overview
A smaller, sub-commercial gas indication in Block 11. Not included in the Republic of Cyprus's official count of six commercial-scale fields; retained here for completeness.
Development Status
Initial discovery confirmed through exploration drilling.
Wells
Consortium
Located in
Technical Data
- Discovery
- 2017
- Water Depth
- 1,698m
- Reserves (Low)
- 0.5 tcf
- Reserves (High)
- 1 tcf
- Coordinates
- 33.10°N, 32.40°E
Latest Energy News
ExxonMobil’s East Med strategy enters a new phase
The Commerciality Declaration for Cyprus’ Glaucus and Pegasus gas discoveries made this week marks an important milestone – not only for the island, but also for ExxonMobil’s wider Eastern Mediterranean strategy. After almost eight years of exploration, the company has formally moved from proving...
Our View: Time for government to put politics aside and ensure energy supply
Top executives of ExxonMobil and QatarEnergy were at the presidential palace on Tuesday for the signing of a joint declaration with the government that gave the status of ‘marketable’ to two gas fields in Cyprus’ EEZ. Although this does not mean the gas fields would ever be developed, President N...
The landscape is changing in Cyprus’ exclusive economic zone
The Republic of Cyprus, ExxonMobil and QatarEnergy recently signed a tradability statement for the Glaucus and Pegasus gas fields. This marks a significant step forward in Cyprus’ energy programme. It is clear evidence — a vote of confidence — in the prospects of Cyprus’ exclusive economic zone, ...
Key Events
TotalEnergies and ENI announce gas discovery at Onesiphoros West prospect in Block 11.
discovery