Asset Report

Aphrodite

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Chevron operates the giant undeveloped Aphrodite gas field in the ultra-deep waters of Cyprus' East Mediterranean sector. The deposit was discovered in 2012 on Block 12, by the first exploration well drilled offshore Cyprus. It is located about 160 kilometres south of the Cypriot mainland.A final appraisal well was completed in 2023. Its success was a crucial milestone to derisk a future development.The Cypriot government approved the partners' third development plan in 2025. The ...

Table of contents

  • Summary
    • Overview
    • Key development metrics
  • Alternative development options
  • E&A costs
  • Capital costs
    • Gas sales to Egypt
    • Profit sharing
    • Corporate Income Tax
  • Cash flow
  • Gas price
  • Global Economic Model (GEM) file
  • Cash Flow
  • Indicative Technical Valuations

Tables and charts

This report includes the following images and tables:

  • Index map
  • Aphrodite map
  • Participation
  • Reservoir quality
  • Key E&A well data
  • Discovery summary
  • Contingent Resources (2C) at 01/01/2026
  • Sub-commercial fields

What's included

This report contains:

  • Document

    Aphrodite

    XLS 431.50 KB

  • Document

    Aphrodite

    PDF 2.59 MB