Aphrodite is the first discovery in the Cypriot EEZ so far, intended for local use and export to neighboring countries.
Status Developement pending
Resources 129.00 BCM
Working Interest 30.00%
Partners Chevron (35%), Shell (35%)
The Aphrodite natural gas field, located in Block 12 of the exclusive economic zone of Cyprus, has the potential to have the same transformative effect on Cyprus as Tamar and Leviathan had on Israel, in terms of national energy independence, significant revenues for the state and material environmental improvements.
The Aphrodite field is located 160 km south of Limassol, and 30 km northwest of the Leviathan field, in an area where sea depth is 1,700 meters. Aphrodite was discovered by the A-1 well in September 2011. The A-2 appraisal well, drilled in 2013, confirmed approximately 98 BCM of contingent resource with a potential for an additional 26 BCM of prospective resources.
In November 2019, the Government of Cyprus granted the partners in Block 12 a production license for 25 years, with an option to extend the term by another 10 years, together with the approval of an outline for development of the reservoir.
The Aphrodite partners and the Government of Cyprus are exploring options to supply natural gas to the domestic market in Cyprus, and to export natural gas by pipeline to other markets, including the Egyptian market, and the global LNG market.
NewMed Energy is exploring, together with its partners, options for optimizing existing infrastructure in the region, including a joint transmission infrastructure for the export of natural gas to various target markets. Such synergies are explored, for example, with Leviathan and other regional projects, leveraging existing and planned facilities.