Asset Report
Glaucus
Report summary
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
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Summary and key issues
- Summary
- Key issues
- Location maps
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Participation
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Glaucus (Block 10)
- PSC
- Contract term
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Block 5
- PSC
- Türkiye (Turkey)'s unrecognised territorial claim
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Glaucus (Block 10)
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Geology
- Overview
- Reservoirs
- Well data
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Exploration
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Block 10
- Glaucus field
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Block 5
- Seismic survey
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Block 10
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Reserves and resources
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Reported data
- In place volumes
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Modelling
- Commercial status
- Methodology
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Reported data
- Production
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Development
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Glaucus
- Overview
- Key development metrics
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Alternative development options
- Onshore LNG in Cyprus
- Tie-back to Egyptian LNG facilities
- EastMed pipeline to Europe
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Glaucus
- Infrastructure
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Costs
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Capital costs
- Development costs
- Decommissioning costs
- Operating costs
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Capital costs
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Fiscal and regulatory
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PSC
- Royalty
- Cost recovery
- Profit sharing
- Corporate Income Tax
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PSC
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
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Gas price
- LNG price benchmarks
- Global Economic Model (GEM) file
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Economic analysis
- Indicative technical valuations
Tables and charts
This report includes 10 images and tables including:
- Key facts: Table 1
- Index map
- Glaucus map
- Well data: Table 1
- Exploration: Table 1
- Geology: Table 1
- Economic analysis: Table 1
- Participation: Table 1
- Reserves and resources: Table 1
- Fiscal and regulatory: Table 1
What's included
This report contains:
