Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Eni CEO Claudio Descalzi this week confirmed that Zohr is due to come online in December of this year, in “record time,” following its August 2015 discovery. The speed with which Zohr will come online is made more remarkable considering the field’s location 195km from shore and water depth of 1,450ms. But much of this is owed to already existing infrastructure which will be used to tie-in the first phase of production.
Phase-1 which is due online in December, will initially add 500mn cfd, doubling to 1bn cfd by the end of the first quarter of 2018 and 1.2bn cfd by year-end. Phase-2 will expand output to 2.7bn cfd by 2019 (see chart & MEES, 4 August ). (CONTINUED - 1322 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Zohr Production Profile: Eni Flagship Almost Ready For Start-Up|
|chart||Egypt Gas Output Due To Rise Above 7bn Cfd In 2020 But How Long Can It Be Sustained? (Bn Cfd)|
|chart||Egypt Gas Output Hits 5.34mn Cfd In August, A 4-Year High As Cairo Plans To Halt Lng Imports In 2018 (Mn Cfd)|
|chart||Zohr Stakes* (%)|