Asset Report
Block 10 fields (Glaucus)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
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Capital costs
- 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:
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Index mapGlaucus mapParticipation
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Hydrocarbon and reservoir qualityKey E&A well dataDiscovery summaryContingent Resources (2C) at 01/01/2026Sub-commercial fields
What's included
This report contains:
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