ExxonMobil, in partnership with Qatar Energy, is planning to drill two more wells in Cyprus’ offshore Blocks 5 and 10 early next year. The announcement came after a meeting between ExxonMobil Vice President John Ardill and Cyprus’ President Nikos Christodoulides, alongside Energy Minister George Papanastasiou.

The drilling is part of a larger effort to explore new gas resources in the region. Ardill said the goal is to support Cyprus’ domestic gas supply and potentially liquefied natural gas production. 

The two new wells are expected to be drilled in January, with one in Block 5, called the Electra field, and another near the Glaucus field in Block 10, called the Pegasus field. These efforts will help assess what gas resources are available and how they might be developed for future use, with a clearer picture expected around mid-2025.

Papanastasiou explained that ExxonMobil, with Qatar Energy as a partner, is managing this drilling project. He noted that the outcome of the first drilling in Block 5 will determine how to move forward with developing these fields. If successful, Glaucus and Pegasus might be developed together using shared infrastructure.