The consortium licensed for the development of Cyprus’s Aphrodite gas field will update the development and production plan by March 31st, as Cypriot Minister of Energy, Commerce and Industry, George Papanastasiou, revealed, according to ekathimerini. The minister explained that a floating production unit (FPU) above the field would be a significant plan of the new […]
The government of Cyprus and Chevron have reached an agreement for the development of the ‘Aphrodite’ gas field in block 12 of the country’s exclusive economic zone (EEZ). The negotiations between the two parties have been ongoing for several months, with the government initially rejecting proposed amendments from the company. However, with the deadline proposed […]
Chevron and the Cypriot government sealed a deal for methods to develop the Aphrodite gas field, which is estimated to have 4.2 trillion cubic feet of gas, according to the Associated Press. According to the agreement, both Cyprus and Chevron will have mutual benefit, a Cypriot official revealed, not disclosing further details. Cypriot energy ministry […]
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