Cyprus Gas Options — a Brief Practicality Study of LNG, Gas Networks and Pipelines

The Student Chapters of SPE/AAPG cordially invites you to the following event:

Cyprus Gas Options — a Brief Practicality Study of LNG, Gas Networks and Pipelines


In 4Q. 2011, it was announced that a significant gas discovery had been made in Block 12 offshore Cyprus. The discovery was given a name – Aphrodite. The Aphrodite discovery was made during a 116 day drilling programme that began on September 20th 2011 which had reached a depth of 5,860 m below sea level. Aphrodite’s is located 160km south of Limassol and 30km northwest of the Leviathan field. The drilling programme had been instigated by the consortium of reservoir partners who now comprise of Noble Energy (35%), Shell (35%), and Delek Drilling (30%).

Back in late 2011, the gas discovery announcement caused public and media jubilation and a large number from within Cyprus and elsewhere were dwelling on the perceived wealth that this discovery would create. Just over seven years later however, no income or wealth has been generated from the seven year old discovery?

This talk will endeavour to explain why? It will also consider that gas exploration has continued, further discoveries have been made and the successful development of discovered fields has begun in our East Med. neighbouring states. The talk will also cover very loosely, what the current options and the practicalities are for developing the known discoveries, and how these and possible future discoveries could be best developed.

Speaker’s bio:

Pete Wallace has been in the oil & gas and power generation industry for more than 40 years. He has managed multiple projects, from conception to commissioning, in offshore and onshore design, engineering and construction in the fields of oil and gas processing, pipelines, LNG, FLNG, FSRUs, FPSOs, CNG, LPG, petrochemical, water treatment, pharmaceutical plant, and power generation. He has been engaged as the Chief Engineer for Lavar Shipping since 2016 and has recently Project Managed the onshore aspects of the pipe laying programme for Noble Energy’s Leviathan Field Development Project as well as being extensively involved in the design and development of Halliburton’s Liquid Mud Plant facility at Limassol Port for the Exxon Mobil drilling programme currently being carried out in Cyprus offshore Block 10.

He holds a BSc Honours degree in Technology (UK), Diplomas in Pollution Control, Environment & Development, Design & Innovation and Management. He is a registered Chartered Engineer with the Engineering Council in the UK, a Chartered Energy Engineer and a member of the Energy Institute (EI) in London. He is a member of the Institute of Engineering & Technology, the Society of Petroleum Engineers (SPE) and the American Society of Mechanical Engineers (ASME), he is a Fellow of the Chartered Management Institute.

The talk will be delivered in English and is open to the public. Please save the date:

Date: Wed. 20th, Feb., 2019 | Venue/Time: Room B20, 15:00 to 16:00

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