Newsletter subscribe

Oil & Gas

Egypt’s Zohr gas production to reach 2 bcf/d by September – Eni

Zohr Ramp Up
Posted: July 29, 2018 at 12:17 pm   /   by   /   comments (0)

Eni raised $58 million as an advance on future gas supplies to Egyptian state-owned partners to finance Zohr.

Italian oil company Eni said on Friday that the production capacity of Egypt’s giant Mediterranean Zohr gas field stood at 1.6 billion cubic feet and would reach 2 billion by September.

Eni raised 50 million euros ($58 million) as an advance on future gas supplies to Egyptian state-owned partners to finance Zohr, the statement added.

Zohr, located in the offshore Shorouk block about 190 km north of Port Said, was discovered in 2015 and holds an estimated 30 trillion cubic feet of gas.

Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019.

(Source: Reuters)

Comments (0)

write a comment

Comment
Name E-mail Website