After a record start in less than two and a half years from the discovery, the project is now in rapid ramp-up with the aim of reaching the production plateau in the 2019
Eni announces that it has launched the second production unit (T-1) of the Zohr project, which will bring an additional installed capacity of 400 million cubic feet of gas per day (MMScfd), just four months from the start of production. Zohr will now have a capacity of 800 MMscfd, equivalent to 150.000 buoys per day (46.000 boe / day at altitude Eni).
Production milestones include the achievement of 1,2 billion cubic feet of gas per day (bcfd) by May 2018, 2 bcfd within the 2018 and the 2,7 bcfd production plateau in the 2019.
The Zohr field, the largest gas discovery ever made in Egypt and the Mediterranean Sea, is located off the coast of Egypt, in the Shorouk block, about 190 km north of Port Said. Zohr was discovered in August 2015, gained Development Lease approval in February 2016, and began production in December 2017, with a time to market of 2,3 years.
This new achievement strengthens the exceptional path of Zohr, one of Eni's seven record projects, which is playing a pivotal role in supporting Egypt in pursuing LNG import independence in 2018.
Eni holds a participation of 60% in the Shorouk block, Rosneft the 30% and BP the 10%. In March 2018, Eni has agreed the sale to Mubadala Petroleum of an 10% of its share in the concession. The project is operated by Petrobel, the operating company jointly owned by Eni and by the state company Egyptian General Petroleum Corporation (EGPC), on behalf of Petroshorouk, jointly owned by the Contractor (Eni and its partners) and by the state company Egyptian Natural Gas holding Company (EGAS).
Eni is present in Egypt from 1954, where it operates through its subsidiary IEOC. The company is the leading producer in the country with an equity production of over 250.000 barrels of oil equivalent per day.