Asset Report

Block 10 fields (Glaucus & Pegasus)

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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 fields were discovered on Block 10 in 2019 and 2025, respectively. They are located around 150 kilometres south of the Cypriot mainland. ExxonMobil declared Block 10 gas commercial in 2026 and focus now turns to progressing a development plan. The block totals around...

Table of contents

  • Summary
  • Key Issues
  • Block 5
  • Block 10
    • In place volumes
    • Commercial status
    • Methodology
    • Alternative development options
    • E&A costs
    • Capital costs
    • Royalty
    • Cost recovery
    • Profit sharing
    • Corporate Income Tax
    • Gas price
    • 2 more item(s)...

Tables and charts

This report includes the following images and tables:

    Index mapBlock 10 fields mapParticipation
    Hydrocarbon and reservoir qualityKey E&A well dataDiscovery summaryReserves (2P) at 01/01/2026Production (2033-2042)Capital Costs 2030 to Post-2038 (US$ million)Operating Costs 2033 to 2042 (US$ million)Cash flow (US$ million)
  • 6 more item(s)...

What's included

This report contains:

  • Document

    Block 10 fields (Glaucus & Pegasus)

    PDF 3.00 MB

  • Document

    Block 10 fields (Glaucus)

    PDF 1.38 MB