Exxon wrapped up its three-well East Med drilling campaign this week with the ‘significant’ Pegasus discovery offshore Cyprus. Nicosia and Exxon remain cautious about the discovery, but MEES understands reserves could be as high as 5tcf.
Exxon concluded its three-well offshore East Mediterranean drilling campaign this week with a “significant gas discovery,” at the Pegasus-1 prospect in Cyprus’ Block 10, the firm’s VP John Ardill said on 7 July.
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