Zohr | Egypt Oil & Gas - Part 8
Zohr’s Investments to Exceed $4B
Egyptian Zohr field's total investments may increase to more than $4 billion by the third quarter of 2017, from the current $3.8 billion, making around 5% increase.
El Molla Visits Zohr
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, visited Zohr field to check on the field's development process.
Zohr Field Almost Ready to Begin Production
Italian Eni´s CEO, Claudio Descalzi, met with Egyptian Prime Minister Sherif Ismail on August 1st to discuss Eni’s operations to develop the Zohr field.
Saipem Awarded Zohr Contract
Belayim Petroleum Company (Petrobel) signed a $900-million contract with Saipem to execute the engineering, procurement, construction and installation (EPCI) activities for the Zohr field's optimized-ramp-up phase.
Gas Output Expected to Reach 6.2 Bcf/d by June 2018
Egypt's gas production is expected to reach 6.2 billion cubic feet per day (cf/d) by the end of the fical year next June.
Zohr to Start Production in November
The Egyptian Ministry of Petroleum announced that Zohr field's actual production will start in November.
Egypt Agrees on a $750M Seismic Survey
GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea
Egypt Reveals the Largest Multi-Purpose Supply Vessel
Mohab Mamish raised the Egyptian flag on the largest multi-purpose supply vessel in the Middle East, which is made in China.
