NICOSIA, Aug 26 (Reuters) - A Chevron ( CVX )-led

consortium that holds licensing rights over a gas field off

Cyprus will present an updated development plan within days, one

of the partners said on Monday, after Cyprus gave them a

three-month deadline to comply.

There have been protracted talks on the future development

of the Aphrodite field south-east of Cyprus since Chevron ( CVX )

attempted to introduce changes to a 2019 field development plan.

That plan had been agreed between Cyprus and licence-holder

Noble, an independent energy operator Chevron ( CVX ) acquired in 2020.

In a stock filing to the Tel Aviv bourse on Monday, NewMed

Energy, a partner in the consortium, said the

partners planned to submit an updated plan for the development

of Aphrodite in the coming days.

It said Cyprus's Minister of Energy sent a "notice of

breach" on Aug. 25, giving the partners three months to begin

the Front-End Engineering Design (FEED) process, a step that

allows the costs and engineering detail of a project to be

assessed.

Failing that, the Cypriot government would be entitled to

give notice to terminate the contract, NewMed said in its

filing.

Aphrodite was discovered in 2011 and is Cyprus's first

offshore discovery, holding an estimated 3.5 trillion cubic feet

(tcf) of gas. Cyprus has since discovered gas deposits in

another four areas, all untapped to date.

Chevron ( CVX ) is a partner in the field with Israel's NewMed and

BG Cyprus Ltd., part of Shell.

A spokesperson at Cyprus's Energy Ministry said: "The

primary concern of the government is the implementation of

Cyprus's energy programme within the framework set by the

contract signed by the parties.

"The notification provided to the consortium was in

accordance with the provisions of the contract. Based on the

notification the consortium has three months to remedy."