Aphrodite consortium submits updated development plan to govt
Partners in the Aphrodite natural gas field submitted on Sunday a new development plan for the field to the government.
In an announcement, the partners (NewMed Energy, Chevron and Shell) said the estimated cost of the updated development and production plan will be approximately $4 billion.
The partners also said that they would be building an independent floating production facility in Cyprus’ EEZ, which will have a maximum production capacity of around 800 MMCF per day through four production wells.
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