Italian firm Eni, the operator of Egypt’s flagship 1.5bn cfd Zohr has revised up the gas field’s original 1P reserve estimate by 125bcf from 9.71tcf at the end of 2023 to 9.84tcf at the end of last year according to MEES calculations.
This is a far cry from the 22tcf implied by Eni’s initial comments and the 30tcf gas in place estimate Eni gave when Zohr was discovered in 2015, and does little to ease concerns regarding the field’s lifespan as output continues to drop on water breakthrough issue that began in 2021 (MEES, 11 June 2021). The figures imply remaining reserves amount to around 45% of original 1P reserves. (CONTINUED - 867 WORDS)
