Zohr Production Reaches 2 bcf/d
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.
Natural gas output from Zohr has reached 2 billion cubic feet per day (bcf/d) within the first nine months of production.
Prime Minister Mostafa Madbouly discussed Italian oil major Eni's Egyptian investments with company CEO Claudio Descalzi on August 28.
Foreign direct investment (FDI) in Egypt’s oil and gas sector reached $10 billion in fiscal year (FY) 2017/18, Minister of Petroleum Tarek El Molla told Al Ahram newspaper in an interview published on August 24.
Pilot operation started at Zohr’s gas lab to analyze the natural gas, water, condensates and Sulphur produced by the field.
President Abdel Fattah El-Sisi affirmed on July 29 that Egypt would achieve natural gas self-sufficiency and a surplus by June 30, 2020.
Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed be ...
The production capacity of Zohr gas field, which currently stands at 1.6 billion cubic feet per day (bcf/d), is slated to reach 2 bcf/d by September, according to operator Eni.
Eni and Tharwa Petroleum may begin exploration drilling in the anticipated Noor gas field in August, according to an anonymous source.
Egypt may stop importing liquefied natural gas (LNG) by Q4 2018 and start exporting it at the beginning of 2019.
ENi CEO Claudio Descalzi said that the company is investing a further $3 billion into the sector on top of the $8.4 billion it is already investing.