QatarEnergy signed a commercial discovery declaration for Glaucus and Pegasus fields in Block 10 offshore Cyprus.

Under the declaration, QatarEnergy, the government of Cyprus, and ExxonMobil Corp. will work together to advance regulatory engagement and approvals, as well as development and production planning in support of the next phase of Block 10 activities.

This declaration follows the MoU signed in May to study development and commercialization options for Cyprus gas discoveries using Egypt’s existing gas and LNG export infrastructure.