US oil major Chevron to launch appraisal drilling at Aphrodite deposit

US oil major Chevron is preparing to launch a second appraisal drilling at the Aphrodite deposit in block 12 of Cyprus’ Exclusive Economic Zone (EEZ), Energy Minister George Papanastasiou has told state radio.

He said that the company’s floating drilling rig was en route to Cyprus to confirm the estimated quantities of natural gas in Aphrodite.

Papanastasiou also revealed that Italian oil giant Eni was planning to conduct an appraisal drilling at the Calypso deposit (block 6) towards the end of the year or early 2024, after completing its appraisal drillings in the Zeus and Cronos deposits.

He said that once the quantities are confirmed, the companies are expected to provide plans for exploitation and the state will expect strict adherence to time schedules.

Read More

Cyprus film incentives scheme production ‘The Moustakas Sisters Mysteries' to make UK premiere
OMIROS acquires Hadjipieris Dairy and plans to invest €30m in Cyprus over next five years
All the details of the bill on the control of foreign direct investments
OMONOIA has been certified with ISO 37001 against bribery and corruption
Cypriot John Ioannou appointed as TITAN's new Group CFO
ICan Primary School is officially listed among the Licensed Schools by the Ministry of Education of Cyprus
Cloud Tech Expo, Cyprus, 2025 delivers on its promise to demystify digital transformation
Marios Tannousis: The National FDI Control Mechanism is a very important and positive step
Contracts signed for €29.92m phase B3 of the Nicosia perimetre highway
Commission launches strategy aiming to make Europe quantum leader