Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ARCHIVE
    • Printed Issues Offshore Magazine
    • Downloads
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Online OER Magazine
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Cyprus and Chevron cooperate to develop Aphrodite field

Thursday, July 21 2022

Fossil Energy – Aphrodite Field

The Ministry of Energy, Commerce and Industry of the Republic of Cyprus and Chevron affirmed their mutually beneficial cooperation in viably and efficiently developing the Aphrodite field, in the Republic’s Exclusive Economic Zone (EEZ).

The Minister of Energy, Natasa Pilides, and the President of Chevron Middle East, Africa, South America Exploration and Production Company, Clay Neff, met Thursday with the President of the House of Representatives, Annita Demetriou, to update her on the development works of Aphrodite.

These will include the on-site drilling of a new well in the coming months, in the overall framework of the field’s approved Development and Production Plan.

Chevron is also in the process of finalizing the optimisation of the Aphrodite field’s development concept, through possible synergies with other facilities in the region, thereby recognising the importance of Eastern Mediterranean gas resources. The development concept will be presented to the Minister of Energy for approval, by the end of the year.

Moreover, taking into account the prevailing energy environment and the potential for Cyprus and the wider Eastern Mediterranean to significantly contribute to Europe’s security of supply and diversification of sources, both parties remain committed to continue working together in order to expedite the timing of first gas from Aphrodite to Egypt and to European markets.

Aphrodite was discovered in 2011 and is estimated to contain 129 billion cubic meters (bcm) of gas. Aphrodite is located in block 12 of Cyprus’ exclusive economic zone (EEZ).

Related posts:

  1. Cyprus expects first gas output from the Aphrodite field by 2025
  2. Baltic Sea TSOs agree to cooperate
  3. European Commission approves €100 mln grant for EuroAsia Interconnector electricity interconnection
  4. Chevron to buy into Mitsubishi’s Utah hydrogen hub

Filed Under: Aphrodite field, Chevron, Cooperation, Cyprus Tagged With: Aphrodite field, chevron, cooperation, Cyprus


Read Magazine Online



Wind and Fossil Info



Event List


  • OTC Houston
    • 01/05/2023 - 04/05/2023
  • FOWT 2023
    • 10/05/2023 - 12/05/2023
  • 3rd Suriname Energy, Oil & Summit & Exhibition
    • 19/06/2023 - 22/06/2023
  • Offshore Europe Aberdeen
    • 05/09/2023 - 08/09/2023
  • Offshore Energy Exhibition & Conference 2023
    • 28/11/2023 - 29/11/2023
    • Amsterdam
  • all events

Copyright © Practica Productions - All rights reserved - 2023 cookies