Italian explorer Eni hopes to start production from the giant Zohr gas field offshore Egypt by the end of 2017, after being approved to take over the development lease from Egypt's national Natural Gas Holding Company (EGAS).
Zohr, described as Egypt's largest gas field to date, was discovered in August last year in the Shorouk concession, offshore Egypt. The first appraisal well on the field, Zohr-2, is currently being drilled. Eni's development plan looks to start of production by the end of 2017, just two years after the discovery.
Production would progressively ramp up to about 75 MMscm/d by 2019, more than doubling its 2015 production, according to Eni. It says: "The quick realization of such a large project will be possible through cooperation with Petroject, Enppi and Saipem contractors, who have always contributed to the success of Eni’s development activities in Egypt."
The Zohr field, which could hold up to 30 Tcf of lean gas in place, or 5.5 billion boe, over approximately 100sq km.
According to IHS Energy, Zohr has the potential to supply much of Egypt’s increasing domestic gas demand and will likely have an impact on regional gas commercialization plans. In addition, the technical, commercial, and strategic implications of Zohr is estimated to impact Egypt, the region and the industry, where Egypt’s access to monetization infrastructure will likely put it ahead of rivals if commercial terms are right.
Eni has been present in Egypt since 1954 through its subsidiary IEOC Production, which discovered the Abu Madi field in 1967. In 2015, the equity production in the country was about 200,000 boe/d.
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