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Tag: Zohr
Mubadala Pet

Eni completes sale of 10% stake in Shorouk concession to Mubadala Petroleum

Posted: June 20, 2018 at 10:52 pm   /   Oil & Gas

Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while Rosneft holds 30%, BP 10% […]

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Zohr

Egypt to increase Zohr gas production to 1.75 bcf/d in August – El Molla

Posted: June 17, 2018 at 6:44 pm   /   Oil & Gas

Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Minister Tarek El Molla said on Thursday. Molla said in a statement that recent production increases have pushed Egypt’s total natural gas production to about 6 billion cubic feet per […]

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LNG-Plant-Idku

Idku, Damietta gas export plants to run at full capacity by end of 2019?

Posted: May 18, 2018 at 2:48 pm   /   Oil & Gas

“The start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close,” LNG World Shipping writes. It’s a good dive into recent developments in the field. The bottom line: LNG imports are on track to phase out by […]

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Idku

Zohr brings turnaround in Egypt’s LNG fortunes

Posted: May 18, 2018 at 2:41 pm   /   Oil & Gas

With the start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close. Production at Zohr, which only began in December 2017, now stands at 1.1Bn ft3 per day (bcfd). Eni, the operator of the Zohr field, along […]

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Zohr

Eni boosts Zohr gas output with third production unit start-up

Posted: May 10, 2018 at 12:29 pm   /   Oil & Gas

Zohr Ramp-up: Eni starts up the third production unit. Zohr will produce 1.2 bcfd of gas only a few months after the field’s start-up in December 2017. After a record start-up in less than two and a half years from discovery, production is continuing to ramp up, reaching plateau in 2019. Eni announces the start-up of […]

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Zohr

Zohr gas production at 900 mmcf/d, to reach 1.2 bcf/d by next week

Posted: May 8, 2018 at 12:41 pm   /   Oil & Gas

Oil Minister Tarek El Molla announced that production from the Zohr gas field has reached 900 mmcf/d after the second and third production units were recently launched, a ministry statement reads. Production is also expected to reach 1.2 bcf/d within the next few days as the units’ output is optimized ahead of Ramadan. Another two […]

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East Med

East Mediterranean: How much natural gas are we talking about?

Posted: May 3, 2018 at 1:20 pm   /   Oil & Gas

Quite ceremoniously, and two years after the discovery of the Zohr gas field, the Italian ENI has announced that in 2019, it will put into operation the second gas production plant. “Our recent success strengthens the excellent course of development of the Zohr field, which establishes Egypt’s attempt to stop LNG imports in 2018,” the […]

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WoodMackenzie Egypt Gas

Wood Mackenzie: Egypt’s astonishing gas renaissance

Posted: April 30, 2018 at 5:52 pm   /   Oil & Gas

Lessons in attracting upstream investment capital. By Simon Flowers – Chairman and Chief Analyst. Not long ago, Egypt’s gas industry was in crisis. Production fell by a third in the three years to 2015. A top ten LNG exporter in the prior decade, the country had, by then, become a top ten importer. Nearly all […]

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Tarek-El-Molla-IGU

Charles Ellinas: Egypt preparing for a gas-rich future

Posted: April 30, 2018 at 3:34 pm   /   Oil & Gas

Egypt is determined to drive and manage its rapidly expanding energy sector and ensure that the new liberalised industry and systems are run on international standards, Egypt’s Petroleum Minister Tarek El Molla has said. Speaking at the International Gas Union (IGU) Workshop in Cairo on April 19, El Molla said his department would put Egypt […]

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Eni ramps up Zohr gas output with start-up of second production unit

Posted: April 26, 2018 at 9:02 pm   /   Oil & Gas

Zohr Ramp-Up: Eni start-up the second production unit. The latest achievement reinforces the exceptional development path of Zohr, one of Eni’s seven record-breaking projects, which is playing a fundamental role in supporting Egypt’s wish to cease LNG imports in 2018. After a record start-up in less than two and a half years from discovery, production […]

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