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.
“The eastern Mediterranean has abundant energy resources and the potential to enhance energy security regionally and internationally.”
Chevron is looking to advance the development of the Aphrodite gas field in the south-east of Cyprus. The offshore field is estimated to hold about 4.5 trillion cubic metres of gas.
In Egypt, Chevron and its partner Eni discovered gas earlier this year in the Nargis offshore concession, following the drilling of the Nargis-1 exploration well.
The US energy company operates the Leviathan field offshore Israel. The field produces 12 billion cubic metres (bcm) of gas per year, which is supplied to Egypt, Israel and Jordan.
By 2027, Chevron and its Leviathan partners are planning to nearly double the production from the Leviathan field to 24bcm.