Eni Finished Drilling First Phase of Zohr

Eni Finished Drilling First Phase of Zohr

Italy’s Eni has completed drilling work on all eight wells in the first phase of Zohr gas field. The company is currently focusing on setting up the pipeline that will transport the gas to the refineries, according to Al Shorouk.

Eni had announced, late August 2015, discovering  Zohr field in Shorouk Concession in the deep water of the Mediterranean Sea.

Accordingly, natural gas production from Zohr field is expected to reach its peak in 2020, to be 2.7bcf/d, according to the plan adopted by Eni.

Egypt produces around 5.2bcf/d of gas, of which around 300mcf/d are used to operate the extraction equipment in the field, while the remaining amounts are injected in the local market, according to the data of Egypt’s Ministry of Petroleum and Mineral Resources.

In related news, Russia’s Roseneft signed an agreement with Italian Eni to expand cooperation in the fields of hydrocarbon production, refining, marketing and trading, including in the Egyptian Zohr offshore project, where Eni controls 50%, Rosneft owns up to 35% and BP  has up to 15%.

 

Mahinaz El-Baz 317 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register