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Cyprus & Israel Close In On Deals To Kickstart Aphrodite Development
...ergy way back in 2011, with Chevron taking over as operator with its $5bn purchase of Noble in 2020 (MEES, 9 October 2020). The initial A1 discovery well was drilled just 3km from the maritime border with Israel, leading to speculation that the reservoir extended into Israeli waters. Subsequent pr...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Eni, Cyprus Talk Recent Gas Finds, EastMed Pipeline
...y case these comments will have alerted US major Chevron which is finally progressing development of Cyprus’ first gas discovery, 2011’s 4.5tcf Aphrodite, where FID is potentially planned for 2025 (see p5). GROWING FOOTPRINT In addition to its dominant position offshore Egypt, Eni in to...
Volume: 66Issue: 26Published at Fri, 30 Jun 2023 -
Iraq: Another New Gas-Focused Bid Round – Can It Attract Major Interest?
...cluding in Saudi Arabia). The structure includes two LR6 blocks on offer: North and South Rutbah. Elsewhere in Anbar, the Akashat block lies on the Syrian border. A 2011 map from Cambridge Carbonates shows indications of previous drilling activity near the block which is believed to have eight leads th...
Volume: 66Issue: 25Published at Fri, 23 Jun 2023 -
Kuwait: Another Cabinet, Another New Oil Minister
...med had been a political outcast since 2011 when he was forced to resign under the threat of parliamentary questioning over allegations of corruption in contracts worth $900mn. This, amongst other factors, led to the whole cabinet resigning (MEES, 5 December 2011). Sheikh Ahmed had been involved in...
Volume: 66Issue: 25Published at Fri, 23 Jun 2023 -
BP & Adnoc’s Landmark NewMed Deal: Testing the Water or Troubled Waters?
...e operated by US major Chevron. While Leviathan goes from strength to strength with plans to expand capacity from 1.2bn cfd to 2.1bn cfd set to be finalized by end-2023 and FLNG a leading option, Aphrodite has remained undeveloped since its 2011 discovery. That could change with Chevron (35%op), Sh...
Volume: 66Issue: 23Published at Fri, 09 Jun 2023 -
Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift
...e field, following its 2011 discovery, potentially more important will be a gas sales agreement with Egypt. While the Aphrodite partners will have one eye on exporting some volumes as LNG – the WDDM facilities land at Idku, at infrastructure adjacent to the 7.2mn t/y ELNG export terminal (also op...
Volume: 66Issue: 22Published at Fri, 02 Jun 2023