Cyprus Aphrodite gas field partners near deal
Kathimerini reports that stakeholders in the Aphrodite gas field have agreed to commit natural gas from Cyprus' Block 12 to Egypt's LNG facilities from where it will be exported to international markets. A few legal details remain and are expected to be clarified within days.
Noble Energy, Royal Dutch Shell and Delek Drilling aim to utilize Egypt's existing LNG facilities to speed up commercialization of Aphrodite.
The Aphrodite field is located 160 km south of Limassol and 30 km northwest of the Leviathan field. The field was discovered following drilling of the A-1 discovery well, which began on 20 September 2011, continued for 116 days, and reached a depth of 5,860 meters below sea level.
Block 12 is expected to hold 3.6 to 6 trillion cubic feet of natural gas.
The field is estimated to produce about 800 million cubic feet per day in the first production...