Cyprus: The acquisition of Noble Energy by Chevron could affect the development of the “Aphrodite” field

Cyprus: The acquisition of Noble Energy by Chevron could affect the development of the “Aphrodite” field

The acquisition of Noble Energy by Chevron is a development that may affect the development of the “Aphrodite” gas field, the Ministry of Energy announced in a statement.

“In connection with today’s announcement by Chevron regarding the acquisition of Noble Energy, a member of the consortium of companies holding a License for the Aphrodite field in the Exclusive Economic Zone of the Republic of Cyprus, the Ministry of Energy, Trade and Industry stresses that this, of course, constitutes a development that may affect the development of the field”, the statement notes.

Therefore, it is reported that Energy Minister Ms. Natasa Pilides, will hold, in the next few days, a virtual meeting with the heads of both Chevron and Noble Energy, in order to receive full information on the agreement reached between them, in particular regarding the parts concerning the development of “Aphrodite”, which will be evaluated by the Ministry. /ibna