ExxonMobil Says Big Oil Field Found Off Cyprus

February 7, 2019

In what could be a geopolitical game changer for divided Cyprus, US energy giant ExxonMobil said it has discovered a large and commercially viable oil reservoir in an area off the island where it has been licensed to look for oil and gas.

It was the second target in Block 10 named Glaucus-1, according to Kathimerini Cyprus sources with knowledge of the matter who were not identified but official results from the company are not expected until the end of next week.

The news of the discovery follows uncertain indications over natural gas deposits in an earlier exploratory drilling at Delphyne-1 target, also in Block 10 with sources telling the papers that the geological formations of the Glaucus target are limestone sedimentary rocks and if oil was found, it means the drill has gone down six kilometers (3.72 miles).

ExxonMobil said this is a completely different geological target in comparison to Delphyne-1 and that this discovery came during an initial phase. To proceed with the construction of Liquefied Natural Gas facilities, deposits will have to exceed 15 TCF.

Turkey had sent warships to keep foreign companies from drilling and said it would conduct its own in parts of Cyprus’ Exclusive Economic Zone (EEZ) it doesn’t recognize and wants Turkish-Cypriots living in the northern third occupied since an unlawful 1974 invasion to share in any revenues discovered and to take part in the licensing.


NICOSIA - The trial of a Turkish-Cypriot lawyer, Akan Kursat, accused of brokering deals to sell property still owned by Greek-Cypriots on the occupied side of the island was suspended after the key witness died, Attorney-General George Savvides defending the move.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Truck Driver Pulled to Safety After Crash Leaves Vehicle Dangling over Bridge Across Ohio River

LOUISVILLE, Ky. (AP) — The driver of a semi-truck was pulled to safety Friday by firefighters following a crash that left the vehicle dangling over a bridge across the Ohio River.

Donald Trump has won Missouri's Republican caucuses, one of three events Saturday that will award delegates for the GOP presidential nomination.

ANAHEIM, CA  – The Minoan Dancers of Marin County, California, participated in the 47th Annual Greek Orthodox Folk Dance & Choral Festival (FDF), held February 15-18 in Anaheim, CA.

ANCHORAGE, Alaska (AP) — The Iditarod, the annual sled dog race celebrating Alaska's official state sport, is set to get underway Saturday with a new focus on safety after five dogs died and eight were injured in collisions with snowmobiles while training on shared, multi-use trails.