Italian Eni´s CEO, Claudio Descalzi, met with Egyptian Prime Minister, Sherif Ismail, on August 1st to discuss Eni’s operations to develop Zohr field, which is 80 % complete, Egypt Oil & Gas reported.
The meeting was attended by Minister of Petroleum and Mineral Resources, Tarek EL Molla, where the impact of the mega field on the country’s economy was tackled.
The Egyptian field will start producing 500 million feet square of gas by end of 2017.
“With a potential of 850 billion cubic meters of gas in place, not only will Zohr be able to satisfy almost all of the total domestic gas demand for the coming decades, .it will also allow Egypt to return to being a net energy exporter,” Eni stated.
The field’s total production is estimated to reach 2.7 billion ft2 by the end of the project, Descalzi pointed out, adding that the Eni will inject half of its $3.5 billion investments in Egypt.
The Egyptian Ministry of Petroleum and Mineral Resources announced that Zohr field’s actual production will start in November 2017.
The ministry explained that the wells will be prepared during October as the infrastructure will be finalized and pumping and production pipelines will be constructed before installing production equipment. The ministry expects production from Zohr to reach 1 billion cubic feet per day starting in November.
Zohr field was discovered by Eni in 2016, and it holds 850 billion cubic meters of gas.