Reserves Comparison
Overview
First major gas discovery in Cyprus EEZ. Currently in development planning phase with export options being evaluated.
Development Status
Appraisal wells drilled to assess commercial viability.
Consortium
Located in
Technical Data
- Discovery
- 2011
- Water Depth
- 1,689m
- Reserves (Low)
- 3.6 tcf
- Reserves (High)
- 6 tcf
- Coordinates
- 33.15°N, 33.85°E
Related News
Aphrodite Group Initiates Prelim Deals for Sale of Cypriot Gas to Egypt
The Chevron-led consortium secured commitment from relevant parties to execute a term sheet and a host government agreement to enable the piped export to Egypt of 100 percent of production from the Aphrodite field.
Egypt Locks In Full Supply From Cyprus’ Aphrodite Gas Field
Egypt has agreed to purchase the full output of Cyprus’ offshore Aphrodite gas field once production begins, according to a Bloomberg report. The agreement underscores Cairo’s push to secure long-term energy supplies as domestic natural gas demand continues to rise. Production at Aphrodite is exp...
Egypt to buy all Aphrodite gas output from Cyprus
Egypt has agreed to buy all the output of the Aphrodite gas reservoir in Cyprus’ exclusive economic zone once the field starts production, international media reported on Thursday. According to Bloomberg, Newmed Energy LP – which owns a stake in the project – posted the statement on the Tel Aviv ...
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 –...
Cyprus and Egypt sign gas framework deal covering Kronos and Aphrodite fields
Cyprus and Egypt have reaffirmed their commitment to developing two Cypriot offshore gas fields via Egyptian infrastructure, with a new framework agreement signed in Cairo on Monday bringing both the Kronos and Aphrodite discoveries under the same arrangement for the first time. Energy Minister M...
Key Events
Cyprus and Egypt sign Host Government Agreement (HGA) for subsea pipeline to export Aphrodite gas to Egyptian LNG facili...
infrastructureChevron submits updated development plan for Aphrodite field, targeting first gas by 2027-2028.
infrastructureChevron announces acquisition of Noble Energy, becoming the new operator of Block 12 and the Aphrodite field.
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