ExxonMobil is moving ahead with the process of declaring commerciality for
ExxonMobil is moving ahead with the process of declaring commerciality for Block 10 of Cyprus’s Exclusive Economic Zone (EEZ), aiming to begin natural gas production between 2030 and 2035, according to the company’s Vice President, John Ardill. His remarks followed a meeting on Friday with the President of the Republic of Cyprus, Nikos Christodoulides, at the Presidential Palace.
President Christodoulides stressed that ExxonMobil’s activity in the EEZ of the Republic of Cyprus constitutes a vote of confidence and a key driver for the country’s energy development. He also noted that the government is ready to discuss the further development of additional blocks beyond Blocks 5 and 10.
For his part, Ardill said that ExxonMobil’s operations in the Cypriot EEZ have been successful, particularly at the “Pegasus” field, expressing the company’s intention to continue at the same pace. As he explained, the goal is to move forward with the commercialization and production of natural gas as quickly as possible.
According to him, the “Glaucus” and “Pegasus” deposits in Block 10 are estimated to contain a combined 6 to 9 trillion cubic feet of natural gas. “We had a very important meeting today […] and we have a
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