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News // Oil and gas worldwide

Sisi to witness opening of Egyptian Zohr field

01 February 2018 , 10:11Neftegaz.RU729

President Abdel Fattah Al-Sisi witnessed on January 31, 2018, the opening of the Zohr field, the largest newly discovered gas field in Egypt which is located in the Mediterranean sea.

 

The field is expected to provide 350 million cubic feet of gas daily. Minister of Petroleum Tarek El-Molla expects the field will boost Egypt’s gas production to 2.7 billion cubic meters daily by the end of 2019.

 

Egypt is the 8th biggest importer of natural gas worldwide. However, the by its 2nd phase, the Zohr field project is expected to make Egypt a natural gas exporter rather than an importer.

 

The project cost $15 billion in investments, provided through a collaboration between Egypt and Italy. Tarek El- Molla also said that there will be 6 operating wells by the end of the 1st phase and 20 wells by the end of the 2nd.

In October, El-Molla announced that $27.3 million would be invested in 3 Egyptian gas fields – Zohr, North Alexandria, and Nooros – in the year 2018.

The 3 fields are expected to increase Egypt's natural gas output by 50 % in 2018 and 100 % in 2020, according to the ministry.

 

To read the news in Russian.

 

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