Even though the final results of the successful appraisal drilling of the Aphrodite gasfield earlier this year have not yet been formally announced, development of Aphrodite appears to be getting seriously closer. Al least that was the implication of what Mike Wirth, CEO Chevron, said to analysts end of last week.
Speaking during Chevron’s second-quarter 2023 results webcast, he confirmed “Our Aphrodite appraisal well in Cyprus met our expectations.” He went on to say “We’re pleased with the outcome…We have submitted our development plan to the government for their approval and it involves a capital efficient way to take the gas to market via subsea tiebacks to existing infrastructure,” adding that “this is all pending government approval and if we get that, we could be into front end engineering and design later this year.”
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