Eni makes huge gas field discovery offshore Egypt

The discovery at Zohr Prospect could yield 30 trn cu ft of lean gas (equivalent to 5.5bn barrels of oil) in an area cover around 100 sq km and is the largest gas discovery ever made in Egypt and in the Mediterranean Sea.

“Eni will immediately appraise the field with the aim of accelerating a fast track development of the discovery that will utilise at best the existing offshore and onshore infrastructures,” the company said.

Eni’s CEO, Claudio Descalzi, has recently travelled to Cairo to update Egypt’s President, Abdel Fattah Al-Sisi, and discuss this discovery with the Prime Minister, Ibrahim Mahlab, and the Minister of Petroleum and Mineral Resources, Sherif Ismail.

“This exploration success acquires an even greater value as it was made in Egypt which is strategic for Eni, and where important synergies with the existing infrastructures can be exploited allowing us a fast production startup,” he commented.

Eni has a daily production equivalent in Egypt of 200,000 barrels per day.