US oil major Chevron to launch appraisal drilling at Aphrodite deposit

15:01 - 26 April 2023

Current Affairs

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.

News Feed

Read More

Shipping Deputy Minister meets with President of the Arab Academy for Science, Technology and Maritime Transport
Cyprus-based Outfit7 announces new games, new audiences, and new Talking Tom
US delays higher tariffs but announces new rates for some nations
13th Invest Cyprus International Investment Awards almost here
Highest midday power demand of the year anticipated to have been this week, official data show
European Affairs Minister in London for working visit
Christodoulides: New natural gas discovery in EEZ reaffirms Cyprus’ energy potential
Theo Parperis on how establishing Cyprus as one of the region's family office hubs will increase FDI
TechIsland launches new professional initiative for the Legal Community
Paphos gets a security upgrade: Fortsafe brings global standards to Cyprus