Exxon Mobil Corp. and QatarEnergy have made one other pure gasoline discovery in Block 10 offshore Cyprus, the presidential workplace stated Monday.
“The ‘Pegasus-1’ effectively, positioned about 190 kilometers offshore southwest of Cyprus, indicated roughly 350 meters of gas-bearing reservoir”, the presidency stated in a web-based assertion after assembly with ExxonMobil officers.
The effectively was drilled by Valaris DS-9 in 1,921 meters (6,302.49 toes) of water, based on the assertion.
- Advertisement -
“Additional evaluation will probably be required within the coming months to guage the outcomes”, the assertion added.
That is the second discovery within the block, which, based on ExxonMobil, spans 635,554 acres (2,572 sq. kilometers) southwest of Cyprus within the Jap Mediterranean.
Seven years in the past the companions discovered a gas-bearing reservoir about 436 toes in Glaucus-1. The invention was drilled 13,780 toes deep in 6,769 toes of water, based on ExxonMobil.
“Based mostly on preliminary interpretation of the effectively knowledge, the invention may characterize an in-place pure gasoline useful resource of roughly 5 trillion to eight trillion cubic toes (142 billion to 227 billion cubic meters)”, america power large stated in a press launch February 28, 2019.
Steve Greenlee, then-president of ExxonMobil Exploration Co., stated, “These are encouraging ends in a frontier exploration space”.
An earlier effectively, Delphyne-1, didn’t yield business portions of hydrocarbons.
In March 2022 appraisal effectively Glaucus-2 confirmed a “high-quality gas-bearing reservoir”, based on the federal government. As of 2022, the most effective estimate of gas-in-place sources within the Glaucus discovery was 3.7 trillion cubic toes, based on on-line data from Cyprus’ Vitality, Commerce and Business Ministry.
ExxonMobil operates Block 10 with a 60 p.c stake. QatarEnergy holds 40 p.c. The license was awarded April 2017.
Texas-based ExxonMobil and state-owned QatarEnergy are additionally companions in Cyprus’ Block 5, for which they signed an exploration and manufacturing sharing contract December 2021 with ExxonMobil as operator.
In April 2025 the Vitality Ministry introduced that outcomes from the Elektra-1 effectively in Block 5 indicated the presence of gasoline in non-commercial volumes.
“In response to Operator’s early evaluation, ‘Elektra-1’ has yielded encouraging outcomes, confirming the existence of a hydrocarbon system and good high quality reservoirs”, the ministry stated. “The info collected through the drilling operations are being evaluated to find out consortium’s future plans in Block 5”.
Drilling actions proceed and geological research are underway within the block, based on the ministry.
The block covers 3,416 sq. kilometers (1,318.92 sq. miles), it says.
To contact the writer, e-mail jov.onsat@rigzone.com
What do you suppose? We’d love to listen to from you, be a part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all power professionals to Communicate Up about our trade, share information, join with friends and trade insiders and have interaction in knowledgeable neighborhood that can empower your profession in power.
