Schneider Electric Values Work in Zohr Field at $73.88 M

Schneider Electric Values Work in Zohr Field at $73.88 M

Schneider Electric announced that its work in the first phase of Egypt’s natural gas field amounted to around $73.88 million as the company supplied the main equipment of the wells, Schneider Electric’s Energy Director for North East Africa and the Levant, Khaled Kamel, told Amwal Al Ghad.

The company is currently negotiating the financial terms of the second phase of the Zohr project, in which the company’s work value is expected to be around $30.78 million and completed by December 2018, Kamel pointed out.

Kamel highlighted the completion of drilling 13 natural gas wells in the project, which will have a total of 21 drilled wells across the various phases, adding that the production of the field will rise to 1.2 billion cubic feet per day (bcf/d) of natural gas by May 2018.

Italy’s Eni will increase natural gas production from Egypt’s Zohr field by 1.4-1.5  billion cubic feet per day (bcf/d) by the end of 2018, Al Mal News previously reported.

The field’s current production is around 400 million standard cubic feet per day (mscf/d) since the completion of the processing plant, an official at the Egyptian Natural Gas Holding Company stated.

Sarah Samir 2823 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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