NICOSIA, July 7 (Reuters) - A consortium led by

ExxonMobil ( XOM ) has found a reservoir of natural gas at a

prospect off the island's coast, a Cypriot government

spokesperson said on Monday.

Drilling resulted in preliminary indications of 350 metres

of a gas-bearing reservoir at a depth of 1.9 kilometres (1.2

miles) in the Pegasus-1 well, spokesperson Konstantinos

Letymbiotis said.

"Further assessment will be required in the coming months to

evaluate the results," he said in a statement released after

Cypriot President Nikos Christodoulides was briefed on the

results.

Letymbiotis said it is the second gas discovery made in

Block 10 by partners ExxonMobil ( XOM ) and QatarEnergy, following a

discovery at the Glaucus-1 well announced in February 2019. The

Glaucus-2 appraisal well, completed in March 2022, confirmed the

existence of a high-quality gas-bearing reservoir.

Cyprus has found quantities of natural gas at several

locations rimming its south, but has yet to extract or

commercialise it.

(Writing by Michele Kambas

Editing by Rod Nickel)