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Nobel/Delek/Avner/Shell – Aphrodite Natural Gas Field Development – Cyprus - Project Profile

Nobel/Delek/Avner/Shell – Aphrodite Natural Gas Field Development – Cyprus - Project Profile

Synopsis

"Nobel/Delek/Avner/Shell – Aphrodite Natural Gas Field Development – Cyprus - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Nobel/Delek/Avner/Shell – Aphrodite Natural Gas Field Development – Cyprus - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Noble Energy, Inc. (Noble), Delek Drilling Ltd Partnership (Delek), Avner Oil Exploration Ltd Partnership (Anver) and Royal Dutch Shell (Shell) are planning to develop a natural gas field off the southern coast of Cyprus.

The project involves the construction of a floating production storage and offloading vessel (FPSO) to process 8 billion m3 of gas per year, and underwater pipelines connecting the well to Cyprus and Egypt.

It includes the drilling of production wells, the construction of unmanned wellhead platforms, and the installation of related machinery, equipment and safety systems.

In June 2015, the natural gas field was declared commercially viable, which confirms the existence of substantial recoverable natural gas reserves in exploration block 12. It constitutes a significant milestone to Cyprus’ transition from the hydrocarbons exploration phase to that of exploitation.

In November 2015, Shell has acquired 35% stake for US$165 million.

On January 18, 2015, Shell has secured approval from Cyprus council for exploration.

In February 2015, Cyprus and Egypt signed a memorandum of understanding (MOU), defining that the legal framework for companies to sign exportation contracts for natural gas from Block 12 to Egypt.

The Cypriot Government has approved Royal Dutch Shell (Shell) as a partner in the offshore Aphrodite (block 12) gas field in January 2016.

Noble is in the process of submitting a field development plan (FDP) to the Cyprus Government. The FDP includes the companies’ collective proposal with regards to the method and timeline for the development and production of the reserves, as well as plans for the sale and marketing of hydrocarbons.

Construction work is expected to completed by 2022.

Scope

The project involves the development of a natural gas field off the southern coast of Cyprus, located in drilling block 12 of the maritime Exclusive Economic Zone, Cyprus.

The US$1,000 million project includes the following:

1. Construction of an 8 billion m3 FPSO

2. Construction of underwater pipelines

3. Construction of unmanned wellhead platforms

4. Drilling of production wells

5. Installation of related machinery and equipment

6. Installation of safety systems

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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