Pegasus-1
Completed Gas DiscoveryExploration well spudded in 2025 by ExxonMobil in Block 10
Water Depth
1,921
meters
Total Depth
5,000
meters
Spud Year
2025
year
Result
Discovery
exploration well
Overview
ExxonMobil and QatarEnergy discovery in Block 10, announced 7 July 2025 and drilled by the Valaris DS-9 drillship 190 km southwest of Cyprus. Intersected roughly 350 m of gas-bearing reservoir; together with Glaucus it forms an estimated 8–9 tcf resource declared commercial in June 2026.
Drilling Campaign
Completed
Drilling completed with a commercial gas discovery.
- Well Type
- Exploration
- Result
- Gas Discovery
- Spud Date
- 20 Apr 2025
- Completion Date
- 5 Jul 2025
- Water Depth
- 1,921 m
- Total Depth
- 5,000 m
Operator
Operator
ExxonMobil
United States
Other Wells in Block 10
Other ExxonMobil Wells
Drilled in
Block 10
Operated by ExxonMobil
Discovery
Pegasus
8-9 (with Glaucus) tcf estimated
Well Data
- Type
- Exploration
- Status
- Completed
- Operator
- ExxonMobil
- Water Depth
- 1,921 m
- Total Depth
- 5,000 m
- Coordinates
- 33.20°N, 32.70°E