Zohr field | Egypt Oil & Gas - Part 4
El Sisi Met with Eni’s CEO
Egyptian President, Abd El Fattah El Sisi, met with Eni's CEO, Claudio Descalzi, and discussed Zohr field's production
Rosneft to Consider Stake in Shorouk Concession
Russia's Rosneft announced that its board of directors will discuss buying up to 35% of stake in Shorouk Concession , offshore Egypt.
Egypt to Consume 6.5bcf/d of Gas
The Egyptian Natural Gas Holding Company (EGAS) estimated Egypt's local market gas demands to reach 6.5bcf/d within the summer of 2017.
Eni to Sell More Stakes in Zohr
Italian Eni is currently in talks with various parties in order to cut its stake in Egypt's Zohr field to 50% operating interest instead of owning the entire stakes in the concession that includes Zohr. BP to Buy 10% Stake in Zohr
UK's BP reached an agreement with Italian Eni to buy a 10% stake in Egypt's Shourouk Concession which includes Zohr field for $375m.
Eni Drills 7th Well in Zohr Field
Eni is developing Zohr field as the drilling of the 6th well had ended with promising results. In addition, the drilling operations of the 7th well has started as the final stage of the accelerated development project.
Egypt to Drill 20 Wells at Zohr Field
Petrobel's CEO confirms the drilling of 20 wells in Zohr and urges the importance of complying with global environmental regulations.
Egypt to Import $2.4b in LNG during 2017
Egypt is planning to import 120 liquified natural gas (LNG) cargoes in 2017, worth about $2.4b at current spot prices in Singapore.
