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Tag: Shorouk Concession

Eni to increase Zohr field gas production to 2 billion cubic feet per day by end of 2019

Posted: May 10, 2016 at 12:18 pm   /   Oil & Gas

From 2037, gas production will gradually decline down to 1 billion feet per day. The Italian company Eni has started to gradually link the extracted gas from Zohr field to the national grid in order for production to reach 1bn cubic feet of gas daily by 2018, which will then be doubled to 2bn by […]

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El Molla speaking at OTC 2016: Egypt to offer 28 blocks, Zohr project creates 5,000 jobs

Posted: May 4, 2016 at 1:23 am   /   Oil & Gas

Egypt, boosted by the recent success with the offshore Zohr gas project in Shorouk concession, intended to offer 28 blocks for bidding by foreign oil and gas companies soon, Tarek El Molla, the country’s Minister of Petroleum and Mineral Resources said Tuesday at the Offshore Technology Conference (OTC) 2016 in Houston. “We are going to […]

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Eni advances plans for Zohr gas processing plant

Posted: April 30, 2016 at 12:18 pm   /   Oil & Gas

Eni SPA is moving forward with plans to build the first of two natural gas plants in Egypt as part of its program to increase processing capacity for gas from its deepwater Zohr development in the Mediterranean offshore Shorouk concession. Construction is already under way on the planned processing plant and associated gathering installations in […]

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Egypt – The opportunity to become a crucial regional energy hub: Self Sufficiency by 2020 (ABO Oil)

Posted: April 29, 2016 at 1:13 pm   /   Oil & Gas

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 […]

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Eni completes drilling third well in Zohr field

Posted: April 17, 2016 at 11:32 am   /   Oil & Gas

Company to complete establishing natural gas processing plant with 1bn cubic feet per day by December 2017. Italian company Eni completed the drilling of the third gas well at its giant offshore Zohr gas field in Egypt. The initial estimations of the third deepwater well are larger than the first and the second, with estimated […]

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Oxford Business Group: Ramping up gas production in Egypt

Posted: April 17, 2016 at 10:00 am   /   Oil & Gas

In spite of the global slowdown in capital spending by energy companies, Egypt’s upstream gas industry is attracting multi-billion-dollar investments as it looks to meet rising domestic demand. With low production costs, well-developed infrastructure and several offshore gas fields currently under development, prospects are good for Egypt to regain self-sufficiency in the medium term. A […]

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Eni completes authorization process for the development of Zohr gas field

Posted: February 22, 2016 at 3:07 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum has approved that EGAS grants Eni the Zohr Development Lease, which allows for the development of the gas field located offshore Egypt. The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease, which, following the contractual […]

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El-Molla announces completion of administrative procedures for Zohr development

Posted: February 21, 2016 at 8:56 pm   /   Oil & Gas

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 […]

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Edison could announce a Zohr-sized gas discovery soon – EGAS official

Posted: February 16, 2016 at 2:06 pm   /   Oil & Gas

Italian E&P company Edison could be soon announcing a gas discovery similar in size to the Zohr discovery, according to an EGAS official, and that the results of seismic mapping of its North Port Fouad concession, adjacent to Eni’s Shorouk concession, will be announced in the second half of 2016. According to the source, who […]

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Eni to complete second well in Zohr field by April for $100m

Posted: February 13, 2016 at 2:36 pm   /   Oil & Gas

Italian Eni will finish drilling the second well in the Zohr field in the Shorouk concession area located in the deep waters of the Mediterranean by the next April, with a cost of approximately $100m. A prominent official at the Egyptian Natural Gas Holding Company (EGAS), who requested to remain anonymous, said the company aims […]

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