Official: Italy's Eni Invested $4B On First Phase of Zohr Gas Field
CAIRO, Feb 15 (Reuters) - Italy's Eni has invested $4 billion in the development of the first phase of Egypt's giant offshore Mediterranean gas field, Zohr, including the drilling of four wells, an Egyptian official said on Monday.
Eni's total investment in Zohr is between $12 billion and $16 billion, the official added on the sidelines of an Egyptian energy conference.
(Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by David Goodman)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Offshore Mexico FPSO Contract Goes to Modec (Oct 12)
- Eni Makes New Gas Discovery in Egypt (Aug 30)
- Eni Acquires Leases on Alaska's Eastern North Slope (Aug 29)