Exploration & Production

Border dispute puts Israel-Cyprus exploration at risk

Israeli claims over the Aphrodite field offshore Cyprus could hold up its development Israeli claims over the Aphrodite field offshore Cyprus could hold up its development.
By James Gavin 10 April 2018 0 30345
A drillship in the East Mediterranean. (Noble Energy)

Israel and Cyprus look set to clash over the 129 billion cubic metre Aphrodite field, which lies in Cypriot waters next to Israel’s Ishai block

Israel Opportunity Energy Resources – which holds a licence for Ishai along with Nammax Oil & Gas, Eden Energy Discoveries and AGR Petroleum Services Holdings – wrote to Israeli Energy Minister Yuval Steinitz in March arguing that extraction of gas from Aphrodite on the Cypriot side of the border could deplete reserves in the Israeli...