Sunday, July 29, 2018
The ENI operated Zohr field is expected to hit production levels of 2 Bcf/d by late-Q3, according to the Italian firm. Zohr’s production currently sits at 1.6 Bcf but should reach the targeted 2 Bcf by September.
In a statement ENI said that it had raised €50 million euros as an advance on future gas supplies to Egyptian state-owned partners to finance Zohr.
The field is located in the offshore Shorouk block. It was discovered in 2015 and holds an estimated 30 Tcf of gas.