Egypt: Zohr Mega-Find Spurs Regional Gas Hub Ambitions

Egypt, Cyprus and operator Eni have been bigging up plans for the firm’s 30 tcf Zohr discovery to act as a hub for the development of other East Med gas finds.

Eni CEO Claudio Descalzi called in on Egyptian President Abdel Fatah al-Sisi in Cairo on 19 October to present him with the development plan for Zohr.

This comes less than three months after the Italian company announced the discovery of the Mediterranean’s largest ever gas find with an estimated 30 tcf of recoverable reserves (MEES, 4 September).

Development will be fast-tracked by making use of existing infrastructure. Though Zohr lies 190km offshore in 1450ms water depth, Eni operates many of the currently-producing fields between Zohr and the coast as well as the processing facilities at Port Said to which Zohr would be tied back. Eni plans to drill three appraisal wells by the end of 2016, which, presuming they are successful, will then become production wells enabling first phase output of 700mn cfd from late 2017 or early 2018. Output would then ramp up to 2.7bn cfd by the second phase, with an expected life-span of 20 years. (CONTINUED - 919 WORDS)