Nicosia has granted the partners at Cyprus’ 4.1tcf Aphrodite gas field a 12-month extension to November 2022 to drill an appraisal well which they agreed to as part of a November 2019 restructuring of the field’s production sharing contract (MEES, 8 November 2019).

US major Chevron operates Aphrodite (35%) alongside Shell (35%) and Israel’s Delek Drilling (30%). The ‘A-3’ well would be the field’s second appraisal well and third overall. It would also potentially act as the field’s first production well if Nicosia and the partners can come to an agreement over a development plan. (CONTINUED - 169 WORDS)