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ExxonMobil's Glaucus-1 well unearths another giant in Cyprus

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28 February 2019

ExxonMobil's Glaucus-1 well unearths another giant in Cyprus

Report summary

ExxonMobil and its partner Qatar Petroleum have announced a giant gas discovery offshore Cyprus. The Glaucus-1 well was drilled to a depth of 4,200 metres and encountered a gas-bearing reservoir of 133 metres. The well is located in more than 2,000 metres of water. The discovery is estimated to hold between 5 and 8 tcf of gas in place. It will be one of the biggest discoveries of the year, and maintains the East Mediterranean’s position as one of the world’s premier exploration hotspots.

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