Wednesday, April 19, 2023

Chevron considers gas exploration offshore Cyprus, Egypt and Israel - OFFSHORE TECHNOLOGY

April 19, 2023

US energy major Chevron is looking to explore for natural gas offshore Cyprus, Egypt and Israel to meet surging demand in the region and Europe, reported Reuters, citing two sources.

As part of this effort, the US company is seeking a drilling ship to support natural gas exploration work.

According to the sources, the company has issued a lease tender seeking a drilling vessel from potential companies in 2024, for a period of one year with an option to extend for several years.

A Chevron spokesperson said the company “remains committed to working together with the governments of Egypt, Israel and Cyprus and our partners in the region to support the growth of the east Mediterranean energy sector.