Aphrodite gas field

[6][7] In 2014, the reserve estimate for the quantity of natural gas held by Aphrodite was raised by 12% due to new data received from the Yishai prospect as reported by Delek Drilling to the Israel Securities Authority.

[17] [18] In July 2018, development moved forward despite the dispute, which involved how to divide revenues between the Aphrodite and Yishai fields as well as OECD or EU rules should be used.

The Aphrodite partners submitted a plan to the government of Cyprus to develop the field, to sell the gas to Cypriot users, and to export it to Egypt.

In response, Israeli Energy Ministry Director General Udi Adiri sent a letter to the partner companies on November 24, 2019 saying that development must not begin until an agreement was reached between the governments of Israel and Cyprus.

Cyprus awarded a development license to the partners, who are to drill appraisal wells and conduct front-end engineering and design (FEED) work over the following two years, with a final investment decision anticipated for 2022.