Glaucus Gas Field

From Global Energy Monitor

The Glaucus Gas Field is located off the coast of Cyprus in the Mediterranean Sea.

Location

The map below shows the location of the gas field in the Mediterranean Sea, off the coast of Cyprus.

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Background

The field was discovered in 2019.[1] ExxonMobil is planning to drill one more exploration well and an appraisal well at Glaucus, likely in 2021-2022. According to Cyprus Profile, the discovery of the Glaucus field could become a game changer. "ExxonMobil has repeatedly stated that should more discoveries be made, its preferred option is to build a gas liquefaction plant at Vassilikos for liquified natural gas exports (LNG) to Europe and Asia. This would require total gas discoveries to approach 15 tcf and global gas prices to justify commercial viability."[2]

Turkey contests Cyprus’s claim to offshore gas fields.[3] Turkey wants to redraw the map delineating the areas of sovereignty in the eastern Mediterranean, which it claims was drawn illegally and contrary to Turkish national interests.[4]

Project Details

  • Operator: Exxon (60%); Qatar Petroleum (40%)[1]
  • Parent company:
  • Location: Mediterranean Sea
  • Coordinates: 33.276, 31.702 (approximate)[5]
  • Reserves: in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet[6]
  • Status: Discovered[6]

References

  1. 1.0 1.1 "Aphrodite Gas Field, Eastern Mediterranean Sea, Cyprus". NS Energy. Retrieved 2021-02-03.
  2. "Energy: Oil & Gas". Cyprus Profile. November 2020.
  3. "Energy Cooperation and Security in the Eastern Mediterranean: A Seismic Shift towards Peace or Conflict?" (PDF). The S. Daniel Abraham Center for International and Regional Studies. February 2016.
  4. "A Mediterranean Scramble: Unraveling the Turkish Fight for Natural Gas". The Fuse. August 26, 2020.
  5. "Giant Gas Field Discovery Offshore Cyprus". GEO ExPro. April 29, 2019.
  6. 6.0 6.1 "Exxon makes gas discovery at Glaucus-1 well, offshore Cyprus". Offshore Energy. February 28, 2019.