Zohr field | Egypt Oil & Gas - Part 6
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.
Egypt’s Gas Output Decreased by 10mcf/d
Egypt's current natural gas production has decreased to 4.04bcf/d compared to 4.05bcf/d production at the beginning of August.
Egypt’s Gas Outputs to Reach 6bcf/d by 2020
A recent report from Egyptian Natural Gas Holding Co (EGAS) stated that the Egyptian oil and gas sector is aiming to increase the country's production of natural gas gradually from 4bcf/d to reach 6bcf/d of gas by 2020.
Eni Boosts Nooros Gas Production
Italian Eni aims to increase gas production from 3 wells in Nooros field by 180mcf/d in September 2016. A source from EGAS said that the $450m production enhancements of Nooros field will push gas outputs to 700mcf/d ... Eni to Drill Sixth Well in Egypt’s Zohr Field
An official at the Egyptian General Petroleum Corporation (EGPC) stated that the drilling of the sixth well of the Zohr gas concession is scheduled to start in January 2017.
