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Egypt approves ‘super giant’ gas field lease grant to Eni

Gas

Egyptian Natural Gas Holding Company (EGAS) will grant Italian explorer Eni the Zohr development lease, which allows for the development of the gas field that located in the Shorouk Concession offshore the North African country

The development plan envisages the start of production by the end of 2017, just two years after the discovery, with a progressive ramp up until reaching a volume of about 75mn standard cu/m of gas per day (equivalent to approximately 500,000 boepd) by 2019.

The discovery of Zohr was announced on 30 August 2015 following the drilling of the Zohr-1 well, in which Eni is the sole operator. Currently in the drilling phase is Zohr-2, the first appraisal well of Zohr discovery.

The ‘super giant’ offshore Zohr field is predicted to hold 849.5bn cu/m of gas, covering an area of about 100 sq km.

Eni said that the discovery was located at a depth of 1,450 metres, adding that it planned to fast track development of the site, using existing infrastructure. It said yet more gas might be uncovered in future drilling.

 

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‘Super giant’ gas find by Eni offshore Egypt