Noble Energy was the first operator to discover natural gas resources offshore the Republic of Cyprus. In November 2019, it entered an amended production sharing contract and received the first exploitation license granted by the Government of Cyprus. These agreements provide a fiscal and regulatory pathyway for economic development of the Aphrodite field.
The Aphrodite field has the potential to help meet strong regional demand. “We look forward to working with the government and people of Cyprus to help the country and te region realize the economic benefits Aphrodite can provide. “, said the company.
Reflecting its commitment to the republic’s economic future, Noble Energy participates on the International Presidential Business Advisory Council, which focuses on improving the country’s capacity to innovate and compete on a global scale.
In recognition of its leading role in development of natural gas resources in Cyprus and the Eastern Mediterranean Region, Noble Energy was presented with the Cyprus International Promotion Agency International Investment Award in both 2012 and 2015.