Eni to fast-track Egyptian gas field discovery
Italian major Eni believes it has found a lean gas field off Egypt with 30 trillion cf of gas in place
It will now appraise the field with the aim of accelerating a fast track development, making the best use of the existing infrastructure. It is the sole owner of the license and is the operator.
Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world's largest gas finds. It will be a major contribution to Egypt's natural gas supply for decades, Eni said 30 August.
The discovery well Zohr 1X NFW stands in 1,450m of water in the Shorouk Block, which Eni acquired in January 2014 following a competitive bid round.
Zohr 1X NFW was drilled to a total depth of about 4,131m and hit 630m of hydrocarbons in a carbonate sequence of Miocene age with over 400m of net pay. Zohr's structure has also a deeper Cretaceous upside that will be targeted in the future with a dedicated well, Eni said.
Eni's chief executive Claudio Descalzi said the exploration success benefited from its proximity to existing infrastructure, "allowing us a fast production start-up." He has visited Cairo to discuss the find with the top tier of the country's government.
Eni said it was using cutting-edge technology and new operational approaches, through its stakes in companies Agiba and Petrobel. This had enabled it double the production of oil from the Western Desert and the GOS Abu Rudeis concessions in the last three years, as well as to revamp production from the Abu Maadi plays in the Nile Delta area following the recently announced Nidoco NW 2 discovery (Nooros prospect) which is already in production. Eni has equity production of 200,000 barrels of oil equivalent/day in Egypt.