The Minister of Petroleum and Mineral Resources, Tarek El Molla, praised the success and the achievements of the Zohr Field and its impact on Egypt.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a new transfers movement among the petroleum companies.

Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/f), representing 40% of Egypt's total natural gas production.

Petroleum Marine Services (PMS) alongside Deep Tech led an engineering alliance to develop a rapid emergency intervention plan for the Zohr project at a depth of 1,500 meters below sea level.

Belayim Petroleum Company (Petrobel) has submitted an early termination of the Trident 16 contract with Shelf Drilling.

Belayim Petroleum Company (Petrobel) allowed a one-year extension for Shelf Drilling contract for Trident 16 jack-up rig.

The exploration wells, Baltim Southwest-1 and Baltim Southwest-2, in the Nile Delta region began production with a rate of about 190 million cubic feet per day (mcf/d) and about 1,300 barrels of condensate per day.

Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where Petrobel, equally held by Eni and the Egyptian General Petroleum Corporation (EGPC), drilled an appraisal well of the discovery of Sidri South last July.

As the Mediterranean Offshore Conference and Exhibition (MOC 2019) comprised a number of abstracts and presentations from international oil companies (IOCs), Osama El Bakly, Chairman of Egyptian Natural Gas Holding Company (EGAS) and Chairman of MOC 2019, took the chance to honor five of the best research papers.

Zohr field’s total investments reached $10.6 billion, of which $3 billion were injected in fiscal year (FY) 2018/2019 after the field reached a production level of 2.7 billion cubic feet per day (bcf/d).