Egypt prepares to tender second phase of Zohr gas megaproject
EXCLUSIVE: Egypt prepares to tender second phase of gas megaproject. PetroShorouk Petroleum is planning to issue invitation to bid in 2018. (Source: Middle East Economic Digest MEED)
Egypt “muscling in” on global natural gas production
Baker Hughes, a GE company, announced September 9, 2017 a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. BHGE will provide project management, engineering procurement, fabrication, construction, testing and transportation of a subsea production system, and will support the installation, […]
El Molla chairs Petro Shorouk's General Assembly, follows up on Zohr development plan
Minister of Petroleum, Eng. Tarek El Molla, chaired the General Assembly for Petro Shorouk Company to review the company’s budget for the fiscal year 2017/2018. The General Assemby was held in the attendance of First Undersecretaries of the Ministry of Petroleum, CEO of the Egyptian Natural Gas Holding Company (EGAS) and Executive President of the […]
Saipem awarded EPCI contract for Zohr offshore field development
Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project for the “supergiant” Zohr gas field, located off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction […]
Egypt – The opportunity to become a crucial regional energy hub: Self Sufficiency by 2020 (ABO Oil)
According to Tareq al-Mulla, Minister of Petroleum and Mineral Resources, the start of production at new natural gas fields, led by Zohr—planned for 2017—offers the opportunity to achieve this goal. Tareq al-Mulla has been Egypt’s Minister of Petroleum and Mineral Resources since September 19, 2015, when his predecessor, Sherif Ismail, was appointed Prime Minister. He […]
El-Molla announces completion of administrative procedures for Zohr development
The Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla, announced that the administrative procedures have been completed for the development of Zohr, the super-giant gas field in the Shorouk concession in Egypt’s Mediterranean Sea economic waters, pointing out that the field’s development lease to Eni’s wholly-owned company Ieoc has been ratified. Eng. El-Molla explained […]
Eni and EGPC establish JV for Zohr ‘super giant’ gas field
Eni and Egyptian General Petroleum Corporation (EGPC) have announced to enter into a joint venture to create Petro Shorouk. Petro Shorouk will be a subsidiary of Petrobel and will be tasked to complete the first stage of development of the Zohr gas field by the end of 2017, according to Daily News Egypt reports. The […]
Production in Zohr fields to begin before end of 2017
EGPC Chairman: Procedures of establishing Petro Shorouk will begin to manage and develop Zohr field. Petrobel is nearing the official formation of Petro Shorouk, the company’s subsidiary that will be tasked with completing the first developmental phase of the Zohr natural gas field before the end of 2017. The Italian Eni discovered Zohr field in […]
The Saipem 10000 drillship arrives at Zohr-2 well location
The giant drilling vessel Saipem 10000 arrived at the site of Zohr-2 well to start drilling operations, announced Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources. Eng. El-Molla made his announcement as he chaired Petrobel’s General Assembly Meeting. The Saipem 10000 is a 5th generation ultra deepwater drillship, designed and built by Samsung Heavy […]
