Chevron, the operator of Cyprus’ 3.7tcf Aphrodite gas field, took decisive steps towards the field’s development this week. It finalized two key deals in Cairo on 30 March during Egypt’s showcase EGYPES conference, including a Host Government Agreement (HGA).
Under Aphrodite’s development plan, 800mn cfd will be produced through a floating production unit (FPU) that will be tied-back via a 280km pipeline to the Egyptian shore (MEES, 20 March). An HGA with Egypt was therefore needed to move forward with potential gas sales deals. (CONTINUED - 944 WORDS)
