Zohr Production to Exceed 3 bcf/d by the End of 2019
The field's current production recorded over 2 bcf/d, which directly contributes to help Egypt reach natural gas self-sufficiency by the end of 2018.
Zohr | Egypt Oil & Gas - Part 3
The field's current production recorded over 2 bcf/d, which directly contributes to help Egypt reach natural gas self-sufficiency by the end of 2018.
The plan is to export LNG from some of Zohr's production to the European markets upon obtaining a license from the Ministry of Petroleum.
Companies involved in the $15 billion gas deal revealed the issues in the pipeline will need more work than what was initially planned to start transporting natural gas.
The company collected seismic data that revealed natural gas reserves up to 20 trillion cubic feet, which will make it second to the Zohr mega field in production.
The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
The gas field's production increased around four times, reaching 3.1 bcm in the second half of 2018, compared to the first half's output.
Egypt’s Zohr natural gas field is expected to produce 3 billion cubic feet per day (bcf/d) in 2019, according to the spokesman for the Ministry of Petroleum.
Egypt paid a total of $1 billion over three years for renting Saipem 10000 drilling rig, which is working in the Zohr natural gas field.
Saipem is in talks with Belayim Petroleum Company (Petrobel) over a $1.2 billion worth offshore contract addendum for an Engineering, Procurement, Construction and Installation (EPCI) project for Zohr field's ramp ...
Eni plans to start drilling the tenth well at the Zohr natural gas field during January 2019 at a cost of $300 million.