IEOC, a subsidiary of Eni, will extend a 195km pipeline from  Zouhr well Block 9 to the city of Port Said, reported Egypt Oil & Gas (EOG). Work on the pipeline will begin with development operations early next year.

According to the sources at IEOC, commencement of development during the current low prices of oil, will inherently cheapen the overall cost of development, due to the decline in the cost of service companies.

Shorouk Block, was signed in January 2014 with the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) following a competitive international Bid Round.