Agreements signed for two deepwater gas projects offshore Cyprus, both exporting to Egypt

Feb. 17, 2025
Operator consortia outline plans for developing Aphrodite and Cronos fields.

Cyprus’ government has approved an updated development plan submitted by Chevron for the Aphrodite gas reservoir in Block 12 of EEZ waters offshore southern Cyprus.

It has also signed an amendment to the production sharing contract and revoked notice of breach issued to the partners last August.

Under the amendment, the partners have committed to take FID on the development in 2027.

Related content: Offshore Cyprus projects

Source: Ministry of Energy Commerce and Industry; Courtesy of BorchWix Energy Advisors Limited (BWEA)
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Chevron has submitted an updated plan for development of the Aphrodite gas field in offshore Block 12 in the EEZ of the Republic of Cyprus.