From Discovery to Production

Developing offshore gas fields is a multi-year process requiring billions in investment. This section explains how Cyprus discoveries will be commercialized, from appraisal drilling through first gas production.

14-21
Tcf Discovered
0
Producing Fields
2027-28
Target First Gas
$10B+
Est. Investment

Development Projects

Aphrodite

Block 12 · Operated by Chevron

Development Planning
Reserves
3.5-4.5 Tcf
Target FID
2025-2026
First Gas
2027-2028
Export Route
Egypt Pipeline

Block 6 Cluster

Block 6 · Operated by ENI

Concept Selection
Reserves
5.5-8 Tcf
Target FID
2026-2027
First Gas
2028-2030
Export Route
FLNG or Egypt

Glaucus

Block 10 · Operated by ExxonMobil

Appraisal
Reserves
5-8 Tcf
Target FID
2027-2028
First Gas
2030+
Export Route
TBD

Development Process

1

Discovery

Year 0

Well finds commercial hydrocarbons

2

Appraisal

1-3 years

Delineate size and confirm viability

3

FEED

1-2 years

Front-End Engineering Design

4

FID

Decision point

Final Investment Decision

5

First Gas

3-5 years

Construction and commissioning

Key Development Challenges

Technical

  • Deepwater operations (1,500-2,500m)
  • Long-distance subsea tiebacks
  • No existing offshore infrastructure

Commercial

  • Export route agreements needed
  • Gas pricing and offtake contracts
  • Competition from other gas sources