Italian oil and gas major Eni said that Egypt’s offshore field Zohr field is now producing 2 billion cubic feet per day (bcfd) of gas, after nine months of first gas and a year ahead of schedule.
“This level of production was achieved thanks to the start-up of the fifth production unit (T4), backed by the 8 gas producers and a new 30” x 218 km sealine, commissioned last month,” Eni said in a statement.
The program pursued by Eni, its partner, Egyptian Natural Gas Holding Company (EGAS) and their joint venture company Petrobel aimed to reach a plateau in excess of 2.7 bcfd in 2019.
Eni said Zohr is one of its seven record-breaking projects, which is playing a fundamental role in supporting Egypt’s independence from LNG imports.
The Zohr field, the largest gas discovery ever made in Egypt and in the Mediterranean Sea with more than 30 trillion cubic feet of gas in place, is located within the offshore Shorouk Block (some 190 km north of Port Said). In the Shorouk Block, Eni holds a 50 per cent stake, Rosneft 30 per cent, BP 10 per cent and Mubadala Petroleum 10 per cent of the contractor’s share (where Eni, Rosneft, BP and Mubadala Petroleum are collectively the contractor).
The project is executed by Petrobel, the operating company jointly held by Eni and the state corporation Egyptian General Petroleum Corporation (EGPC), on behalf of Petroshorouk, jointly held by contractor (Eni and its partners) and the state company Egyptian Natural Gas holding Company (EGAS).
Eni has been present in Egypt since 1954, where it operates through its subsidiary IEOC. The company is the country's leading producer with an equity of some 340,000 barrels of oil equivalent per day.