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  • Aristides Zenonos

9.4 Billion dollars income from “Aphrodite” exploitation

Offshore drilling rig at block 12 Cyprus EEZ

An agreement has been reached between Republic of Cyprus (RoC) and the consortium Delek-Noble-Shell owning the gas field in block 12 offshore Cyprus. 520 million dollars per year or 9.4 billion dollars for 18 years is estimated to be the profit of Cyprus from this deal. It is expected that the consortium will perform a third appraisal drilling in 2020 and at the same time set the infrastructure for the development of the field.


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