Edison has completed the seismic mapping for its concession adjacent to Eni’s supergiant Zohr field, according to an Oil Ministry senior official. The source expects a major discovery in this specific area and an increased number of new discoveries in the Mediterranean in general.
The source added that the Zohr field recently discovered by Italian oil company Eni boosted Egypt’s ability to provide for the future natural gas needs of the domestic market, and that this discovery stimulated foreign companies to direct their investments to exploration of the Mediterranean Sea deep water for natural gas.
The official also pointed out that the gross domestic output of natural gas will rise to about 5.3 billion cubic feet per day by 2017 when production commences from the from the Zohr field.
(Source: Al Borsa News)