Investor Presentaiton
Natural Gas Exploration and Exploitation
Prospects for Cyprus as an energy producer and exporter
■ Noble Energy International announced the first natural gas
discovery ("Aphrodite") in Block 12 in January 2012, which
was declared commercial in 2015. Current estimated
natural gas resources are in the order of 4,5 trillion cubic
feet (best estimate). The regional pipelines option seems to
be the optimal monetization alternative, under the current
economic and commercial conditions.
■ The "Aphrodite" field project opens up new investment
opportunities, including a subsea pipeline connecting
Cyprus and Egypt. An Intergovernmental Agreement
between Cyprus and Egypt has been signed.
(Shell)
■ The Noble Energy / Delek Drilling/ BG Cyprus
consortium is working on the development of the
"Aphrodite" gas field.
■ The active exploration licenses within Cyprus EEZ are held
by ENI/KOGAS/TOTAL for Blocks 2, 3 and 9, by ENI/TOTAL
for Blocks 6 and 8, by TOTAL/ENI for Blocks 7 and 11, and
by ExxonMobil/Qatar Petroleum for Block 10.
Offshore exploration licenses of Republic of Cyprus
CYPRUS
9
5
6
7
8
En
EgenMob
10
11
Aphrodite
12
M
HYDROCARBONS SERVICE
Ministry of Energy Commerce and industry
0 0
Ene
2
3
Currently, there are four gas discoveries in Cyprus, including
"Aphrodite" in Block 12, "Onesiphoros West 1" in Block 11
(technical discovery), "Calypso-1" in Block 6 under
evaluation, and the "Glaucus-1" in Block 10 by
ExxonMobil/QP that encountered a gas bearing reservoir with
preliminary estimates of approximately 5 trillion to 8 trillion
cubic feet. The "Glaucus" field is currently under appraisal.
14View entire presentation