Eni announces a major gas discovery in the Egyptian offshore
31 August 2015
Eni has announced a discovery of a major gas field its Zohr Prospect, in the deep waters of Egypt. According to the well and seismic information, the discovery could hold a potential of 30 trillion cubic feet of lean gas in place—5.5 billion barrels of oil equivalent—covering an area of about 100 km2.
Zohr—the largest gas discovery ever made in Egypt and in the Mediterranean Sea—could become one of the world’s largest natural gas finds, with the potential to satisfy Egypt’s natural gas demand for decades, according to Eni.
Eni’s CEO, Claudio Descalzi, has traveled to Cairo to update Egypt’s President, Abdel Fattah Al-Sisi on the discovery. Eni intends to immediately appraise the field with the aim of accelerating a fast track development of the new resources.
The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, at a depth of 4,757 feet (1,450 m) in the Shorouk Block. Zohr 1X NFW was drilled to a total depth of approximately 13,553 feet (4,131 m) and hit 2,067 feet (630 m) of hydrocarbon column with excellent reservoir characteristics, said the company.
Eni, through its subsidiary IEOC Production B.V., holds a 100% of the Contractor’s working interest in the Shorouk Block and is the operator of the concession. Eni has been present in Egypt since 1954 through its subsidiary IEOC. Eni is the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 barrels of oil equivalent.
Source: Eni