US major Chevron (35%op), UK major Shell (35%) and Israeli firm NewMed Energy (30%) have made a last-ditch attempt to extend current negotiations with Cyprus over the field development plan (FDP) for the 3.5tcf Aphrodite field.
Nicosia has set a 5 November deadline for talks after rejecting FDP modifications submitted by Chevron and its partners in May (MEES, 29 September). Despite neither side showing any sign of compromise, Chevron has this week lobbied for a four-month extension, MEES understands. (CONTINUED - 255 WORDS)
