Reserves Comparison
Overview
Discovered by ExxonMobil and QatarEnergy in Block 10, announced 7 July 2025 (drilled by the Valaris DS-9, ~350 m gas column, 1,921 m water depth). Not yet officially quantified on its own (unofficially ~5 tcf of the combined 7–9 tcf with Glaucus); both fields were declared a commercial discovery on 30 June 2026. An appraisal rig is under contract with delivery expected around December 2026, and appraisal drilling is the critical path to FEED.
Development Status
Field development plan approved, infrastructure under construction.
Wells
Consortium
Other Discoveries in Block 10
Located in
Technical Data
- Discovery
- 2025
- Water Depth
- 1,921m
- Reserves (Low)
- 4 tcf
- Reserves (High)
- 5 tcf
- Coordinates
- 33.44°N, 31.65°E
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Key Events
Cyprus, ExxonMobil and QatarEnergy sign a Declaration of Commercial Discovery for the Glaucus and Pegasus fields (Block...
infrastructureExxonMobil and QatarEnergy announce the Pegasus-1 discovery in Block 10, drilled by the Valaris DS-9. Together with the...
discovery