Cyprus: Commercial exploitation of “Aphrodite” deposit begins

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Cyprus: Commercial exploitation of “Aphrodite”...
 © ThemaNews 2019
Cypriot Energy Minister Giorgos Lakotripis signed today the licenses for the begining of the commercial exploitation of the “Aphrodite” deposit in the Cypriot EEZ.

The production will begin in 2025 with an estimated revenue for the Republic of Cyprus at $9.3 billion over an 18-year period.

The licenses, which are the first of their kind granted by the Republic of Cyprus, are based on the final development and production plan of the deposit agreed between the Ministry of Energy and consortium of Noble Energy, Shell and Delek.

Under...


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Cyprus: Commercial exploitation of “Aphrodite” deposit begins


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Article Tags: cyprus, commercial, exploitation, aphrodite, deposit, begins,