Glaucus and Pegasus Field
QatarEnergy, together with the Government of Cyprus and ExxonMobil, has signed a commercial discovery declaration for the Glaucus and Pegasus fields in Block 10, offshore Cyprus.
A collaboration statement was also signed at the same time.
The declaration, signed in Nicosia, represents an important milestone in advancing the development of Cyprus’s offshore resources.
It also reflects the strong and constructive relationship between the parties, as well as their shared commitment to continued collaboration and long-term strategic engagement. This engagement encompasses both the development of Block 10 and broader future opportunities.
Under the terms of the declaration, the parties will collaborate to promote regulatory engagement and approvals, as well as development and production planning, in support of the next phase of activities in Block 10.
Concurrently, QatarEnergy and ExxonMobil reaffirmed their commitment to sustained collaboration and alignment in the development of Block 10 and other potential projects.
