Asset Report

Block 10 fields (Glaucus)

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ExxonMobil operates the giant undeveloped Glaucus (also known as Glafcos) and Pegasus gas fields in the ultra-deep waters of Cyprus' East Mediterranean sector. The deposits were discovered on Block 10 in 2019 and 2025, respectively. They are located about 150 kilometres south of the Cypriot mainland. The Block 10 project is currently still at an early stage, with the first appraisal well for Glaucus completed in 2022. Cypriot authorities confirmed the presence of a high-quality gas reservoir but ...

Table of contents

  • Summary
  • Key Issues
  • Block 5
  • Block 10
  • Alternative development options
    • Royalty
    • Cost recovery
    • Profit sharing
    • Corporate Income Tax
  • Gas price
  • Global Economic Model (GEM) file
  • Indicative Technical Valuations

Tables and charts

This report includes the following images and tables:

  • Index map
  • Glaucus map
  • Participation
  • Hydrocarbon and reservoir quality
  • Key E&A well data
  • Discovery summary
  • Contingent Resources (2C) at 01/01/2025
  • Sub-commercial fields

What's included

This report contains:

  • Document

    Block 10 fields (Glaucus)

    XLS 432.50 KB

  • Document

    Block 10 fields (Glaucus)

    PDF 1.38 MB