License Holders
CHC names the predecessor entity, Noble Energy; Chevron acquired Noble in 2020. Chevron Newsroom, "Chevron Completes Acquisition of Noble Energy" , 2020-10-05.
Not part of the equity split credited below — this row's own source: Cyprus Hydrocarbons Company, Licensed Blocks (Block 12, Shell row — remainder, not a stated figure) , 2022-08.
CHC names "BG Group (now Shell)" but states no percentage for it. 35% is the remainder of CHC's own closed three-party split (Noble/Chevron 35% + Delek/NewMed 30%), not a figure CHC prints.
Announced, not in the register. Sale to MOL Group announced 2026-07-31 , up to US$720m , subject to customary adjustments and milestone-linked contingent payments. Not yet reflected in the ministry register, which still names Shell; register checked 6 October 2026. Shell, "Shell agrees to sell BG Cyprus Limited"
CHC names the predecessor entity, Delek Drilling; NewMed Energy is its current name. NewMed Energy, About Us .
Equity split for Chevron, NewMed Energy per Cyprus Hydrocarbons Company, Licensed Blocks , 2022-08 . The ministry does not publish equity percentages. Shell is sourced separately — see above.
Gas Discoveries
Wells
Block Details
- Status
- Licensed
- Operator
- Chevron
-
Licence area
Exploitation licence area · Cyprus Hydrocarbons Service, exploration activities, read 5 Oct 2026
- 386 km²
-
Block as drawn
EU Official Journal 2007/C 100/10, 1st Licensing Round notice
- 4,600 km²
- Water Depth
- 1400-1900 m
- Licensed
- 2008-10-24
- Discoveries
- 1
Related News
Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt
Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Med...
First natural gas now estimated to hit market in 2029-30
A final investment decision by the companies holding the Aphrodite gas concession may be taken early next year, with the first natural gas going to market by 2029 or 2030, the energy minister said on Tuesday. Regarding the Aphrodite reservoir – located in Block 12 of the exclusive economic zone –...
Key Events
Chevron completes its acquisition of Noble Energy, announced on 20 July 2020, becoming the new operator of Block 12 and...
corporateNoble Energy announces major gas discovery in Block 12, marking Cyprus' entry into the Eastern Mediterranean gas arena....
discovery