Cyprus Mail
Business Energy

Chevron to exploit Aphrodite gas ‘as soon as possible’

President Nicos Anastasiades on Monday held a teleconference with energy giant Chevron CEO Michael Wirth whose company has recently acquired a share in the Aphrodite gas reserve.

David Stover, CEO of Noble Energy, which previously owned the share also took part in the call, as well as other officials from the two companies. Energy Minister Natasa Pilidou and government spokesman Kyriacos Kousios were also present.

In July, Chevron announced it had struck an agreement to acquire Noble Energy. The agreement is expected to be concluded by October.

According to a presidency statement, the companies reconfirmed the importance they put on the development of the Aphrodite reserve as part of their strategic planning in the region.

They also emphasised their intention to move forward with the exploitation of the reserve as soon as possible.

Anastasiades expressed satisfaction and assured the companies of the government’s readiness to afford any help possible towards the achievement of their common objectives.


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