Petroleum Africa
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Monday, February 22, 2016
The Egyptian government, through the Ministry of Petroleum and Mineral Resources and EGAS, has granted ENI the Zohr Development Lease, which, following the contractual framework definition, allows for the development of the gas field, located in the Shorouk Concession, offshore the country.
The development plan calls for 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 75 Mmcm/d by 2019. The quick realization of such a large project will be possible through cooperation with Petrojet, Enppi, and Saipem contractors.
The discovery of Zohr was announced at the end of August following the drilling of the Zohr-1 well which occurred within the Shorouk Concession Agreement, in which IEOC is the sole operator. Currently in the drilling phase is Zohr-2, the first appraisal well of Zohr discovery.
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