Exploration & Production

Aphrodite back in the spotlight

The IOCs developing the Aphrodite field off Cyprus are attempting to secure better terms from the Cypriot government The IOCs developing the Aphrodite field off Cyprus are attempting to secure better terms from the Cypriot government.
By The Wildcat 3 August 2018 0 32016
A Noble Energy drillship A drillship in the East Mediterranean. (Noble Energy)

Rising oil prices have put Cyprus’s Aphrodite gas field back on the agenda, but the companies behind the project are pushing for better terms before proceeding with development. 

It may make sense for the Cypriot government to concede some ground to enable the project to go ahead. But the fate of the field has long been an emotive issue for the Cypriot public, and the government could end up battling accusations that it is selling off the country’s resources too cheaply. 

The developers – Noble Energy, Delek...