Zohr Begins Production

Eni SpA announced Wednesday the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea.
The field, which is located in the Shorouk Block offshore Egypt, has potential resources in excess of 30 trillion cubic feet of gas in place (around 5.5 billion barrels of oil equivalent), according to Eni.
Discovered in August 2015, Zohr obtained investment authorization after just six months and began production less than two and half years after first being found. In an organization statement, Eni said the field will be able to satisfy a part of Egypt’s natural gas demand ‘for decades to come’.
“Today is a historic day for us. It further confirms the capability of Eni’s women and men to turn challenging opportunities into unprecedented achievements,” Eni’s CEO, Claudio Descalzi, said in a company statement.
“The start-up of Zohr is the direct result of our unique know-how, our ability to innovate in technology and of our tenacity in pursuing even the most challenging goals, of which we are very proud,” he added.
“It will completely transform Egypt’s energy landscape, allowing it to become self-sufficient and to turn from an importer of natural gas into a future exporter,” Descalzi continued.
Eni holds a 60 percent stake in Shorouk Block, with Rosneft holding 30 percent interest and BP plc the remaining 10 percent. Eni has been present in Egypt since 1954, where it operates through its subsidiary IEOC Production BV. The company is the country’s main producer with an equity production of approximately 230,000 barrels of oil equivalent per day.
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.
- Further OPEC+ Production Cuts Are Still on the Table
- USA Steel Major Taps ExxonMobil for Carbon Capture
- India to Boost Renewables Capacity, Avoid New Coal Plants
- Aramco Holds Talks with Turkish Firms on $50B Planned Projects
- Chevron to Have Wastewater Pipeline for Permian Operation
- Kinder Morgan to Expand Gas Capacity at Texas Gulf Coast Facility
- QatarEnergy to Supply Bangladesh with LNG under 15-Year Deal
- ADNOC Drilling Beefs Up Hybrid Land Rig Fleet
- Woodside Awards Contracts for Decommissioning of Australia Fields
- Increasing Refinery Runs Should Tighten Direct Crude Balances
- Is There a Danger That Oil and Gas Runs out of Financing?
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- North America Rig Count Reduction Rumbles On
- Top Headlines: What Will World Oil Demand Be in 2023?
- Exxon and Chevron Shareholders Reject Toughening Climate Goals
- Will the World Hit Net Zero by 2050?
- Analyst Flags USA-Made Oil, Gas Field Machinery Order Trend
- Kenya Airways Becomes First African Airline to Fly on Eni's SAF
- Canada Gas Output Rebounds as Wildfires Subside: S&P Global
- ConocoPhillips Preempts TotalEnergies' Sale of Surmont
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- USA EIA Slashes 2023 and 2024 Brent Oil Price Forecasts
- BMI Reveals Latest Brent Oil Price Forecasts
- OPEC+ Has Lots of Dry Powder for Further Cuts
- Could the Oil Price Crash in 2023?
- Is There a Danger That Oil and Gas Runs out of Financing?
- Invictus Strikes Oil, Gas in Zimbabwe
- BMI Projects Gasoline Price Through to 2026
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- What Will World Oil Demand Be in 2023?