Energy Ministry in Cyprus have declared commerciality over “Aphrodite”

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The natural gas field discovered in Cyprus` economic zone (EEZ) which has been nicknamed “Aphrodite” has been confirmed to be for commercial use by the three companies that currently own the rights of the field: Noble Energy International Ltd, Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership.

The Cypriot Government have requested that the three companies produce a Development and Production Plan for “Aphrodite”. Noble Energy, Delek and Avner, are the current holders of a license for the investigation of hydrocarbons of Cyprus’ EEZ, have declared the commerciality of the “Aphrodite” natural gas field, the Energy Ministry of Cyprus stated in a press release over the weekend, welcoming any new developments in this area.