Eni brings Zohr on stream

MILAN, December 20, 2017 – The massive Zohr gasfield offshore Egypt has started production, operator Eni announced on Wednesday.

 

The super-major said that the concession was developed in less than 30 months, a record time for its size. Zohr, which is estimated to hold more than 850 bcm (30 tcf) of gas reserves, was discovered in 2015.

“Today is a historic day for us,” CEO Claudio Descalzi said in a statement. “The start-up of Zohr is the direct result of our unique know-how, our ability to innovate in technology and of our tenacity in pursuing even the most challenging goals, of which we are very proud. […] It will completely transform Egypt’s energy landscape, allowing it to become self-sufficient and to turn from an importer of natural gas into a future exporter.”

Eni holds a 60% stake in the Shorouk Block, where the field is located, alongside partners Rosneft (30%) and BP (10%).

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