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Egypt pays Eni for Zohr gas field development

Eni doubles capacity at Zohr

Apr 29, 2018
1 min read
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Italy's Eni said that following the launch of the second production unit (T-1) of the Zohr project, which will increase installed capacity by 400 MMScfd, just 4 months after the field’s start-up.

The Zohr field, the largest gas discovery ever made in Egypt and in the Mediterranean Sea, is located offshore, within the Shorouk Block, some 190 km north of Port Said.

Zohr now has a capacity of 800 MMscfd, equivalent to 150,000 boe per day.

Eni revealed production ramp-up is planned to continue, with the same exceptional performance, in order to reach 1.2 bcfd in May 2018, 2 bcfd by end 2018 and the production plateau (2.7 bcfd) in 2019.

Zohr was discovered in August 2015, obtained the Development Lease approval in February 2016, and started the production in December 2017 with a time-to-market of 2.3 years.

Eni holds a 60 per cent stake in the Shorouk Block, Rosneft 30 per cent and BP 10 per cent. In March 2018, Eni agreed to sell a 10 per cent stake in the concession to Mubadala Petroleum.

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