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 field was discovered in 2012 on Block 12, by Noble Energy (now Chevron) with 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 future development of the field. The Cypriot government approved a third development plan in February 2025, following...

Table of contents

  • Summary
  • Key Issues
  • Cross-border unitisation
    • Overview
    • Wells and subsea
    • Floating production unit (FPU)
    • Tie-back to Egypt
    • E&A costs
    • Capital costs
    • Operating costs
    • Gas sales to Egypt
    • 7 more item(s)...

Tables and charts

This report includes the following images and tables:

    Index mapAphrodite mapParticipation
    Reservoir qualityKey E&A well dataDiscovery summaryReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2031-2040)Capital Costs 2027 to Post-2035 (US$ million)Operating Costs 2031 to 2040 (US$ million)Annual Gas Prices
  • 8 more item(s)...

What's included

This report contains:

  • Document

    Aphrodite

    PDF 816.50 KB

  • Document

    Aphrodite

    PDF 2.59 MB