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Zohr's Production Capacity Increased by 25 Percent

Credit: Eni

By MarEx 2018-09-08 20:02:33

Production capacity of Zohr project, developed by the consortium of Eni, Rosneft, BP and Mubadala together with the Egyptian oil and gas companies, has been increased by more than 25 percent to more than 56.6 mcm of gas per day (two bcf per day). 

Zohr is the largest gasfield in the Mediterranean Sea. The increase was achieved after the commissioning of the project's fifth train and the start-up of the second export pipeline and new wells.

The development of the Zohr field is going ahead of schedule, say the project partners. The current results were achieved just nine months after production start-up in December 2017. The field is expected to reach production capacity of 76 mcm of gas per day (2.7 bcf per day) by the end of 2019. In the first half of 2018, 3.1 bcm of gas was produced at the field.

The field was discovered in 2015 and is key in supporting Egypt’s independence from LNG imports.

The Zohr field is located within the offshore Shorouk Block (some 190 kilometers (120 miles) north of Port Said). In the Shorouk Block, Eni holds a 50 percent stake, Rosneft 30 percent, BP 10 percent and Mubadala Petroleum 10 percent of the contractor’s share (where Eni, Rosneft, BP and Mubadala Petroleum are collectively the contractor).

The project is executed by Petrobel, the operating company jointly held by Eni and the state corporation Egyptian General Petroleum Corporation (EGPC), on behalf of Petroshorouk, jointly held by contractor (Eni and its partners) and the state company Egyptian Natural Gas holding Company (EGAS).