ExxonMobil plans December drilling in Block 10 and production plan for 2027

ExxonMobil has announced plans to begin drilling in December in Block 10 off the coast of South Cyprus. The next stage of the energy investment will be a development and production plan: the company said it intends to submit the plan to the government for assessment during 2027.

The timetable was discussed at a meeting on 10 November between John Ardill, ExxonMobil’s Vice President and Global Exploration Officer, and Nikos Hristodulidis, President of the Administration of South Cyprus, at the Presidential Palace. Mihalis Damianos, South Cyprus’s Energy Minister, also attended the meeting.

Next steps for Pigasos and Glafkos discussed

The meeting’s agenda included work on the Pigasos and Glafkos targets in Block 10, within the area that South Cyprus defines as its exclusive economic zone. The parties reviewed the steps to be taken for the two targets and the work programme for the coming months.

Ardill informed Hristodulidis that the drilling teams had been reinforced. He said this preparation could help the work progress quickly and outlined the programme the company plans to implement over the coming months.

Production plan to be submitted next year

The company’s timetable sets out drilling due to begin in December and the submission of a development and production plan next year as two separate stages. According to information provided by Ardill, the plan will be submitted to the government for assessment during 2027. No date for the start of production was given in the announcement.

The information shared included no figure for the cost of the drilling programme, how long the work would take or the production capacity. The current announcement therefore covers the drilling start date and preparations to submit the development and production plan.