QatarEnergy and ExxonMobil declare commercial discovery for Block 10 (Glaucus & Pegasus)
- Commercial discovery declaration covers the Glaucus and Pegasus fields in Block 10, offshore Cyprus.
- Signatories are QatarEnergy, the Government of Cyprus and ExxonMobil.
- The parties will advance regulatory engagement, approvals, and development and production planning for the next phase of Block 10 activities.
- QatarEnergy and ExxonMobil reaffirmed sustained collaboration on Block 10 and broader potential opportunities.
Declaration
QatarEnergy signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10, offshore Cyprus, alongside the Government of Cyprus and ExxonMobil. A collaboration statement was signed in parallel.
Next steps
Under the declaration the parties will work together to advance regulatory engagement and approvals, and to develop production planning and development activity in support of the next phase of Block 10 activities.
Partnership
QatarEnergy and ExxonMobil reaffirmed their shared commitment to sustained collaboration and alignment across both the development of Block 10 and broader potential opportunities. Saad Sherida Al‑Kaabi, President and CEO of QatarEnergy, said: “This marks an important step in advancing the development of offshore resources in Cyprus and in reinforcing regional energy cooperation across the Eastern Mediterranean. We would like to convey our thanks to the Government of Cyprus and to our strategic partner ExxonMobil for their support and cooperation, and we look forward to continuing to work closely with them on Block 10 future activities.”
Source: QatarEnergy