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Wednesday, January 20, 2016
The Zohr gas development offshore Egypt will see new partners this year according to reports from ENI. Several companies have expressed an interest in joining ENI in its development of one of the largest gas finds in the Mediterranean.
Currently ENI is working on getting the development plan finalized and submitted to the Egyptian government, and plans to announce its partners this year.
ENI made the massive discovery in August, saying at the time of its announcement of the discovery it was a “super giant” discovery. The Zohr could hold a potential of 30 Tcf of lean gas in place (5.5 billion boe in place) covering an area of an estimated 100 sq km.
The company projects that first gas from the Zohr development could come online in late-2017 or early-2018.
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