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Tag: Zohr

Petroleum Economist: Egypt lays foundations for natural gas hub

Posted: August 15, 2017 at 2:35 pm   /   Oil & Gas

President Sisi has signed into law new gas-sector regulations expanding the role of the private sector. A casual reader of Egypt’s Official Gazette mightn’t find much in the way of excitement in Law 196 of 2017. But for anyone interested in the country’s burgeoning natural gas sector it’s hugely important. Section 3 of the regulations states clearly that […]

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Wood Mackenzie Podcast: Egypt’s Upstream Renaissance

Posted: August 10, 2017 at 12:44 pm   /   Oil & Gas

Over the last few years there has been a resurgence in Egypt’s upstream sector boosted by several offshore gas discoveries, most notably the Zohr discovery. The Zohr discovery, made by Eni in August 2015, is the largest gas discovery ever in the Mediterranean, and the first phase of production there is set to begin late […]

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Gas

Egypt liberalizes natural gas market with new regulatory law

Posted: August 9, 2017 at 12:18 pm   /   Oil & Gas

• New gas market regulator to be set up to govern sector. • Private sector can participate in transport, distribution. Egypt is opening the door to private participation in its natural gas sector, moving to end the state’s monopoly as it pushes ahead with reforms meant to encourage investment and revive the economy. The new […]

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Zohr Map

Eni CEO: Zohr development phase nearing completion

Posted: August 8, 2017 at 4:29 pm   /   Oil & Gas

Eni CEO Claudio Descalzi has held talks with two North African leaders concerning major ongoing offshore development projects. In Tripoli, Descalzi met Fayez al-Sarraj, Head of the Presidential Council of the Libyan government of National Accord, and the president of the state oil company Mustafa Sanalla. High on the agenda was the second phase of […]

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Egypt speeds up maritime border negotiations, making way for offshore discoveries

Posted: August 5, 2017 at 5:22 pm   /   Oil & Gas

Egypt is speeding up negotiations with neighboring countries to finalize the demarcation of borders in the Mediterranean, which holds huge natural gas reserves compared to the Red Sea. The country has initiated talks with Greece to draw the maritime border, according to local sources. Egypt and Cyprus are also expected to sign the official border agreement […]

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BP

BP on track to bring Egypt's Zohr online by end of 2017

Posted: August 2, 2017 at 3:44 pm   /   Oil & Gas

BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final investment decisions (FID) for additional projects in Gulf of Mexico, Egypt, […]

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Eni: Egypt's Zohr is 80% complete

Posted: August 2, 2017 at 2:32 pm   /   Oil & Gas

The Egyptian Prime Minister Sherif Ismail met today with Eni’s CEO Claudio Descalzi. The meeting focused primarily on the future of Zohr’s mega field and the positive impact it will have on the national energy economy, with CEO Claudio Descalzi outlining the progress being made with the rapid development of the project. Thanks to the […]

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Eni - PM

Eni’s CEO discusses Zohr gas field development with Egyptian PM

Posted: August 2, 2017 at 2:12 pm   /   Oil & Gas

CEO of Italy’s Eni Claudio Descalzi met with the Egyptian Prime Minister Sherif Ismail in Cairo discussing the future of the Zohr gas field and its impacts on the national energy economy. Eni CEO Claudio Descalzi outlined the development of Zohr is 80 percent complete less than two years after the discovery was made. With […]

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Eni 2017

Eni’s first half profits soar as Zohr first gas nears

Posted: July 30, 2017 at 5:14 pm   /   Oil & Gas

Italian energy company Eni said today that it was on course to meet its exploration target for 2017 and that a lengthy outage of its Val d’Agri field would be offset by efficiency measures and early start-ups on other assets. Eni started production early from three major offshore projects in Angola, Ghana and Indonesia in […]

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Rig

Egypt targets gas output of 6.2 bcf/d by June 2018

Posted: July 29, 2017 at 1:03 pm   /   Oil & Gas

Egypt expects its natural gas production to rise to 6.2 billion cubic feet (bcf) per day by the end of the fiscal year next June from 5.2 bcf/d currently, Petroleum Minister Tarek El Molla told Reuters on Thursday. Once an energy exporter, Egypt became an importer of natural gas after domestic output failed to keep […]

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