Asset Report

Glaucus

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ExxonMobil operates the giant undeveloped Glaucus gas field in the ultra-deep waters of Cyprus' East Mediterranean sector. The deposit, which is also known as Glafcos, was discovered on Block 10 in 2019. It is located about 150 kilometres south of the Cypriot mainland.The Glaucus project is currently still at an early stage, with the first appraisal well completed in 2022. According to the Cypriot authorities, this confirmed the presence of a high-quality gas reservoir. We expect that ...

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Glaucus (Block 10)
      • PSC
      • Contract term
    • Block 5
      • PSC
      • Türkiye (Turkey)'s unrecognised territorial claim
  • Geology
  • Well data
    • Block 10
      • Glaucus field
    • Block 5
  • Reserves and resources
  • Production
    • Key development metrics
    • Floating LNG in Cypriot waters
    • Onshore LNG in Cyprus
    • EastMed pipeline to Europe
  • Infrastructure
    • Capital costs
      • Development costs
      • Decommissioning costs
    • Operating costs
    • PSC
      • Royalty
      • Cost recovery
      • Profit sharing
      • Corporate Income Tax
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
      • LNG price benchmarks
    • Global Economic Model (GEM) file
    • Indicative technical valuations

Tables and charts

This report includes 10 images and tables including:

  • Key facts: Table 1
  • Index map
  • Glaucus map
  • Geology: Table 1
  • Well data: Table 1
  • Exploration: Table 1
  • Reserves and resources: Table 1
  • Economic analysis: Table 1
  • Participation: Table 1
  • Fiscal and regulatory: Table 1

What's included

This report contains:

  • Document

    Glaucus

    PDF 4.68 MB

  • Document

    Glaucus

    XLS 432.00 KB