Energy Minister Michalis Damianos on Friday confirmed the commercial viability of the ‘Pegasus’ deposit in block 10, a newly discovered offshore gas field.
Speaking at a press conference, Damianos said a consortium of ExxonMobil and QatarEnergy submitted a declaration of commerciality for both the ‘Pegasus’ and ‘Glaucus’ fields on March 30, marking what he described as a “significant milestone” towards their exploitation .
“The declaration of commerciality essentially means that
