Russia’a Rosneft’s CEO, Igor Sechen, stated that Zohr field production will start by the end of 2017. This came during his meeting with the Egyptian President, Abd El Fattah El Sisi, and Prime Minister, Sherif Ismail, on the 27th of March, reported Al Ahram Newspaper.
In December 2016, Rosneft agreed to obtain a 30% share of the Shorouk concession, which contains Zohr gas field.
Zohr field was originally discovered by Italian Eni in August 2015. The field is considered to be the hugest natural gas field ever found in the Mediterranean Sea as it has estimated 850bcm of gas.
In related news, the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, visited the Port Said Governorate to inspect the work progress at Zohr field as a part of following up the new gas development project.
After the visit, El Molla stated that the project is in full swing in both drilling development wells and constructing marine equipment, as well as in processing land station, which will be used to receive and treat the gas extracted from Zohr.