Doha’s energy company QatarEnergy signed a commercial discovery declaration
Doha’s energy company QatarEnergy signed a commercial discovery declaration for Glaucus and Pegasus fields in Block 10 offshore Cyprus, as well as a collaboration statement, together with the government of Cyprus and ExxonMobil.
Under the declaration, signed in Nicosia, QatarEnergy, Cyprus, and ExxonMobil will work together to advance the development of the country’s offshore resources.
The declaration is said to represent an important milestone, reflecting the strong and constructive relationship between the parties and their shared commitment to continued collaboration and long-term strategic engagement that encompasses both the development of Block 10 and broader future opportunities.
Saad Sherida Al-Kaabi, Qatar’s minister of state for energy affairs, president and CEO of QatarEnergy, commented: “This marks an important step in advancing the development of offshore resources in Cyprus and in reinforcing
