Oil & Gas

Petroleum Ministry announces production timetable for key concessions including Zohr

logoEgypt’s supergiant gas field Zohr will be producing 500 million cubic feet (mmcf) a day by the end of 2017, Prime Minister Sherif Ismail said on Saturday, according to ETEnergyworld. Separately, Oil Minister Tarek El Molla also said that the North Alexandria concession will begin producing between 500 and 700 mmcf of gas per day by the end of 2018, once the second phase comes online, Al Shorouk reports.

West Mediterranean

As for the West Mediterranean concessions, EGAS plans to launch international exploration tenders once Norwegian firm PGS releases the results of the seismic survey for the area before the end of FY2017-18, according to an Oil Ministry statement. An unnamed source tells Reuters the first phase will be completed by mid-2018, and the second one will take three years.

(Source: Enterprise.press)


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