Reserves Comparison
Overview
Discovered by ExxonMobil and QatarEnergy in Block 10, announced 7 July 2025 (drilled by the Valaris DS-9, ~350 m gas column, 1,921 m water depth). Not yet officially quantified on its own (unofficially ~5 tcf of the combined 7–9 tcf with Glaucus); both fields were declared a commercial discovery on 30 June 2026. An appraisal rig is under contract with delivery expected around December 2026, and appraisal drilling is the critical path to FEED.
Development Status
Field development plan approved, infrastructure under construction.
Wells
Consortium
Other Discoveries in Block 10
Located in
Technical Data
- Discovery
- 2025
- Water Depth
- 1,921m
- Reserves (Low)
- 4 tcf
- Reserves (High)
- 5 tcf
- Coordinates
- 33.44°N, 31.65°E
Latest Energy News
Cyprus decries Turkey’s energy MoU with north
Cyprus has decried the signing of a memorandum of understanding between Turkey and the occupied north for the development of an undersea natural gas pipeline. The foreign ministry said on Friday that the MoU in question constituted “yet another manifestation” of Turkey’s policy in the eastern Med...
Turkey, Turkish Cypriots sign deal for natural gas pipeline
The Turkish government and the Turkish Cypriot authorities on Friday signed a memorandum of understanding which foresees the construction of a natural gas pipeline between Turkey and Cyprus. According to Turkish Energy Minister Alparslan Bayraktar, who travelled to the island to sign the agreemen...
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...
Key Events
Cyprus, ExxonMobil and QatarEnergy sign a Declaration of Commercial Discovery for the Glaucus and Pegasus fields (Block...
infrastructureExxonMobil and QatarEnergy announce the Pegasus-1 discovery in Block 10, drilled by the Valaris DS-9. Together with the...
discovery