Asset Report
Aphrodite
Report summary
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. FID is targeted by the mid-2020s to enable production to begin later in the decade. If ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
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PSC
- Initial signature
- Exploitation licence
-
Corporate
- Historical participation changes
-
PSC
-
Geology
- Overview
-
Reservoirs
- Source
- Seal
- Well data
-
Exploration
- Discovery
-
Appraisal
- Initial
- Current
-
Reserves and resources
-
Reported data
- Contingent resources
- Prospective resources
- Modelling
-
Reported data
- Production
-
Development
-
Aphrodite
- Overview
- Key development metrics
- Key dates
-
Alternative development options
- Floating LNG (FLNG)
- EastMed pipeline to Europe
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Aphrodite
-
Infrastructure
-
Gas
- Tie-back to Egypt
- Delivery to ELNG plant
-
Gas
-
Costs
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E&A costs
- Initial activity
- Current activity
-
Capital costs
- Development costs
- Decommissioning costs
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Operating costs
- Field costs
- Tie-in costs
-
E&A costs
- Sales contracts
-
Fiscal and regulatory
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2019 PSC amendment
- Original PSC
- 2019 amendments
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Current PSC terms
- Royalty
- Cost recovery
- Profit sharing
- Corporate Income Tax
-
2019 PSC amendment
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Condensate price
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Gas price
- LNG price benchmarks
- Global Economic Model (GEM) file
-
Economic analysis
- Indicative technical valuations
Tables and charts
This report includes 10 images and tables including:
- Key facts: Table 1
- Index map
- Aphrodite map
- Well data: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Economic analysis: Table 1
- Participation: Table 1
- Geology: Table 1
- Fiscal and regulatory: Table 1
What's included
This report contains:
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