Petrobel has announced that the plans for Egypt’s Zohr field comprises of the drilling and continuation of 20 wells, and also the installation of 20 deep wellheads underwater. Three electro-hydraulic control cables have already been installed at the field and the company plans to also install measuring, protection and controlling equipment and gas transporting networks.
According to Petrobel’s CEO, Atef Hassan, total investments at Zohr are expected to be between $12 to 16b with production reaching 2.7bcf/d by the end of 2019. The government of Egypt continues to support the huge discovery, which Eni says has 30 tcf original gas in place following the completion of the fifth well offshore Egypt.
Petrobel is a joint venture between Eni and the Egyptian General Petroleum Corp. The company is developing the discovery on behalf of PetroShorouk, a joint venture of Egyptian Natural Gas Holding Co. EGAS and Eni, Egypt Oil & Gas reports.
(Source: Ecofin Agency)