Egypt targets to increase production of Zohr to 3bcfg/day

Posted by On 5:51 AM

Egypt targets to increase production of Zohr to 3bcfg/day

FILE â€FILE â€" Works on Zohr Field on the Mediterranean- Eni website. Egypt targets to increase production of Zohr to 3bcfg/day By: Hanan Mohamed Sat, Oct. 6, 2018
CAIRO â€" 6 October 2018: Egyptian Ministry of Petroleum and Italian Company Eni aim at raising natural gas production from Zohr gas field during the second half of 2019 to reach 3 billion cubic feet of gas per day, according to sources at the ministry.
The sources added that Eni’s plan to develop the field is 2.7 billion cubic feet of gas per day.
Officials in the field said that the pace of increase in production is witnessing a steady rise.
They stressed that the recent achievement of the Ministry of Petroleum to declare self-sufficiency of liquefied natural gas, comes after a series of petroleum agreements signed in the field of exploration, and after the increased production of "Zohr."
In September, Minister of Petroleum Tarek el-Molla stated that the daily natural gas production from Zohr gas field increased to 2 billion cubic feet, adding that the total cost of the project reached $7.7 billion.
In July, Italian Company Eni announced the activation of the fourth liquefied natural gas (LNG) processing facility of Zohr gas field’s gas-treatment plant, pushing Egypt’s gross production of LNG to 1.6 billion cubic feet of gas per day.
The Italian energy company Eni discovered in 2015 Zohr gas field in the Shorouk concession with around 850 billion cubic meters of gas.
Egypt stopped importing liquefied gas as it achieved self-sufficiency after it received the last shipment of liquefied gas in September. Egypt has recently signed several oil agreements for the exploration of oil and gas in several areas, including the Mediterranean, Western desert, Nile Delta and the Gulf of Suez.
The number of signed petroleum agreements reached 88 new agreements since 2014 and the authority is working on signing 13 new agreements.
In fiscal year 2018/2019, the targeted investments in petroleum sector are estimated at LE 145.6 billion ($8.12 billion), marking 15.5 percent of the total investments of the year.
Natural gas investments represent 91 percent of petroleum investments which amount to LE 132.8 billion.
Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016.
Egypt’s gas production currently stands at 5.5 billion cubic feet a day, after adding some 1.6 million cubic feet as a result of starting production from the recent projects.
The country's total natural gas consumptio n is about 6 billion cubic feet per day, of which roughly 65 percent goes to the electricity sector.

Egypt

gas

Eni

Ministry of Petroleum

Production

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