Sprint Finish: Egypt's Zohr Development
Petroleum Economist: Full speed ahead for Egypt’s gas. Eni’s parallel-development method has enabled it to smash records at its mega-giant Zohr gas project. Petroleum Economist was given exclusive access to the onshore operations. The nearly complete control room at Eni’s Zohr onshore facility on the Mediterranean coast west of Port Said has all the appearances […]
Eni sells 10% stake in Zohr to UAE's Mubadala for $934 million
Eni sells 10 percent of Egypt’s Shorouk concession to Mubadala Petroleum. Italian oil company Eni said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt’s Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million. Eni currently holds through its subsidiary IEOC a 60 percent stake […]
Production from Egypt's Zohr gas field to reach 700 mmcf/d in May
Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 700 million cubic feet per day (mmcf/d) in May from about 350 million cubic feet per day currently, Petroleum Minister Tarek El Molla told Reuters on Sunday. Discovered in 2015 by Italy’s Eni, the field contains an estimated 30 […]
Bloomberg: Egypt's potential gas surplus could feed global LNG glut
Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal, raising the prospect that the Arab nation may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG. Egypt was already expecting to become self-sufficient in natural gas by the […]
Bloomberg: Cyprus, Egypt nearing gas agreement
Cyprus to sell Aphrodite gas to Egyptian LNG plants: minister. Noble Energy, Delek on Monday offered gas from Israeli fields. Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub […]
Egypt's naval forces deployed to protect Zohr gas field
Egypt’s Armed Forces said in a statement on Tuesday that its navy is implementing security measures at the country’s Zohr gas field in the Mediterranean’s to combat any potential threats. The Armed Forces said that in concurrence with Operation Sinai 2018, naval forces are conducting a series of missions to secure vital and strategic sites […]
Zohr reshapes the future of gas exploration in Egypt
The Egyptian Natural Gas Holding Company (EGAS) plans to launch an international bid for gas exploration in land and sea areas before the end of the first half of this year. According to Medhat Yousef, former vice president of the Egyptian General Petroleum Corporation (EGPC), the bids for exploration for oil and natural gas, which […]
Eni: Production from Zohr gas field will reach 2.9 bcf/d by mid 2019
Production from Egypt’s huge Zohr offshore gas field in the Mediterranean will reach 2.9 billion cubic feet per day by mid-2019, Italy’s Eni said on Monday. Speaking at an industry event in Cairo, CEO Claudio Descalzi said the goal was to reach output of 1.8 bcf to 2 bcf per day by the end of […]
Egypt to accelerate Zohr gas field development, to be completed one year ahead of schedule
Egypt to complete development on Zohr one year ahead of schedule: Egypt will complete the development of the Zohr gasfield at the beginning of 2019, instead of the end of the year, Oil Minister Tarek El Molla said on Thursday, according to Reuters. Egypt had been speeding up the development of the giant gasfield, with […]
Eni looking at more offshore exploration opportunities?
Oil Minister Tarek El Molla went on Masaa DMC to remind Osama Kamal of benefits of Zohr. He also said Eni has been encouraged launch new exploration campaigns in Egypt in areas adjacent to the Zohr field. Eni and others are interesting in doing business here because of policies that have spurred investment in the […]