Cyprus is a global exploration hot spot, with over 10 tcf of gas discovered since 2011, largely at the offshore Aphrodite and Calypso fields. Commercialisation is challenging as domestic demand is low and development will target gas export markets. A number of IOCs are present, including Noble Energy, Eni, Total, ExxonMobil, Shell and Qatar Petroleum. Despite an ongoing territorial dispute and geopolitical tensions with Turkey, there is still appetite from these companies to progress exploration plans. To date seven high impact wells have been drilled, with five planned by end-2019.