Zohr Gas Field Output Rises to 2.7 bcfd

August 21, 2019

(Image: Eni)
(Image: Eni)

Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.

In February, Egypt's petroleum ministry said the field's production stood at 2.1 bcfd. The government aims to raise production to 3 bcfd by the end of the year.

The minister, Tarek al-Molla, said in a statement that the current production level was reached four months ahead of schedule. There are now 12 wells in production in the field, the statement said.

Zohr was discovered in 2015 by Italy's Eni and began output in late 2017. It holds an estimated 30 trillion cubic feet of gas.

Eni controls 50% of the project. Kremlin-controlled Rosneft owns 30%, while BP and Mubadala Petroleum each have a 10% stake in Zohr.

Higher output helped Egypt become self sufficient in natural gas in late 2018. Zohr's discovery piqued investor interest in Egypt's gas market and renewed the country's hopes of becoming a regional energy hub.


(Reporting by Ehab Farouk; Writing by Yousef Saba; Editing by Jane Merriman and Emelia Sithole-Matarise)



Current News

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

Turkey Expands Drillship Fleet

Turkey Expands Drillship Fleet

OMV to Drill Hades Appraisal Well with Island Innovator Rig in June

OMV to Drill Hades Appraisal Well with Island Innovator Rig in June

Subscribe for OE Digital E‑News

Offshore Engineer Magazine