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Eni discovers a supergiant gas field in the Egyptian offshore; largest ever found in the Mediterranean Sea

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometers. Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea.

At 30 trillion cubic feet of lean gas in place, the field represents one of the world’s largest natural-gas finds, located in a permit where Eni holds a 100% of the Contractor’s working interest.

The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth (1,450 meters), in the Shorouk Block, signed in January 2014 with the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) following a competitive international Bid Round.

Zohr 1X NFW was drilled to a total depth of approximately 13,553 feet (4,131 meters) and hit 2,067 feet (630 meters) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (400 metersplus of net pay). Zohr’s structure has also a deeper Cretaceous upside that will be targeted in the future with a dedicated well.

Eni will immediately appraise the field with the aim of accelerating a fast track development of the discovery that will utilise at best the existing offshore and onshore infrastructures. Eni’s CEO, Claudio Descalzi, has recently travelled to Cairo to update Egypt’s President, Abdel Fattah Al-Sisi, on this important success, and discuss this discovery with the Prime Minister, Ibrahim Mahlab, and the Minister of Petroleum and Mineral Resources, Sherif Ismail.

The discovery, after its full development, will be able to ensure satisfying Egypt’s natural gas demand for decades.

Eni’s CEO, Claudio Descalzi, recently travelled to Cairo to discuss the new exploration success with the Egyptian institutional leaders.

Comments

gorr

What you can do with this natural gas is converting it to regular gasoline and offer it for sale here in montreal because here gas price are high.

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