Cyprus Energy Timeline

Key events in Cyprus offshore oil and gas exploration from the Aphrodite discovery to today.

Filter: 17 events
Infrastructure

Cronos FID Expected

ENI and TotalEnergies expected to take Final Investment Decision on Cronos development, potentially linked to Block 6 cluster development.

Cronos ENI TotalEnergies
Discovery

Electra-1 Well Comes Up Dry

ExxonMobil's Electra-1 exploration well in Block 5 fails to find commercial hydrocarbons, first dry hole for the company in Cyprus.

Block 5 ExxonMobil
Infrastructure

Cyprus-Egypt Gas Agreement Signed

Cyprus and Egypt sign Host Government Agreement (HGA) for subsea pipeline to export Aphrodite gas to Egyptian LNG facilities.

Aphrodite
Infrastructure

Aphrodite Development Plan Submitted

Chevron submits updated development plan for Aphrodite field, targeting first gas by 2027-2028.

Aphrodite Chevron
Discovery

Zeus Gas Discovery

ENI announces third discovery in Block 6 at Zeus-1 well, confirming Block 6 as Cyprus' most prolific exploration area.

Zeus Block 6 ENI
Discovery

Cronos Gas Discovery

ENI announces discovery at Cronos-1 well in Block 6, with preliminary estimates of 2.5 Tcf gas in place.

Cronos Block 6 ENI
Policy

EU Looks to Eastern Mediterranean Gas

European Commission President visits Cyprus to discuss accelerating gas development in response to energy security concerns following Russian invasion of Ukraine.

Policy

East Mediterranean Gas Forum Established

Cyprus becomes founding member of the East Mediterranean Gas Forum (EMGF), alongside Egypt, Greece, Israel, Italy, Jordan, and Palestine.

Corporate

Chevron Acquires Noble Energy

Chevron announces acquisition of Noble Energy, becoming the new operator of Block 12 and the Aphrodite field.

Chevron Block 12 Aphrodite
Discovery

Glaucus Major Discovery

ExxonMobil announces Cyprus' largest gas discovery to date at Glaucus-1 well in Block 10, with estimated 5-8 Tcf of recoverable gas.

Glaucus Block 10 ExxonMobil
Policy

Turkey-Cyprus Drilling Dispute

Turkish navy blocks ENI's Saipem 12000 drillship from reaching Block 3, escalating regional tensions.

Block 3 ENI
Discovery

Calypso Gas Discovery

ENI announces significant gas discovery at Calypso prospect in Block 6, with reservoir characteristics similar to Egypt's Zohr field.

Calypso Block 6 ENI
Discovery

Onesiphoros West Discovery

TotalEnergies and ENI announce gas discovery at Onesiphoros West prospect in Block 11.

Onesiphoros West Block 11
License

Third Licensing Round Completed

Cyprus awards Blocks 6, 7, 8, 10, and 11 to major international companies including ENI, TotalEnergies, and ExxonMobil.

Block 6 Block 7 Block 10 ENI ExxonMobil TotalEnergies
Discovery

Aphrodite Appraisal Confirms Reserves

Noble Energy completes Aphrodite-2 appraisal well, confirming 3.5-4.5 Tcf of recoverable gas resources.

Aphrodite
License

Second Licensing Round Awards

Cyprus awards exploration licenses for Blocks 2, 3, and 9 to ENI/KOGAS consortium, expanding international interest in the EEZ.

Block 2 Block 3 Block 9 ENI
Discovery

Aphrodite Gas Field Discovered

Noble Energy announces major gas discovery in Block 12, marking Cyprus' entry into the Eastern Mediterranean gas arena. Initial estimates suggest 5-8 Tcf of gas in place.

Aphrodite Block 12