Partners in the Aphrodite natural gas field, which include Israel’s NewMed Energy, announced on Sunday that they have started drilling an appraisal well at the field offshore Cyprus.
Israel’s NewMed Energy, formerly Delek Drilling (part of Yitzhak Tshuva’s Delek Group), which owns a 30% stake in the Aphrodite field said drilling the appraisal well is expected to take about three months. Other partners in the Aphrodite gas field, which holds an estimated 124 billion cubic meters of gas, are US energy giant Chevron and Shell, who each own a 35% share.
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