Chevron Cyprus Ltd. will develop Aphrodite gas field offshore Cyprus, according to a joint statement by Chevron and the Ministry of Energy, Commerce, and Industry of the Republic of Cyprus.
The work will include on-site drilling of a new well in the coming months as part of the field’s approved development and production plan, the government said.
Chevron is in the process of optimizing the field’s development concept through possible synergies with other facilities in the region. The development concept will be presented to the Minister of Energy for approval yearend.
Aphrodite is a deepwater field in Block 12 of the exclusive economic zone of Cyprus, 160 km south of Limassol and 30 km northwest of Leviathan field in 1,700 m of water. It was discovered by the A-1 well in September 2011 (OGJ Online, Dec. 28, 2011). It is estimated to hold 4.5 tcf estimated recoverable reserves.
In November 2019, the Government of Cyprus granted the partners in Block 12 a production license for 25 years, with an option to extend the term by another 10 years, together with the approval of an outline for development of the reservoir, according to partner NewMed Energy.
Chevron is operator of Aphrodite with 35% interest. Partners are Shell (35%) and Israel's NewMed Energy, formerly Delek Drilling (30%).