CAIRO: Petroleum Minister Tarek al-Mulla announced the drilling operations in the newly-discovered Zohr natural gas field will kick off Saturday, Youm7 reported.
“The multinational oil and gas company Eni will start drilling 20 wells needed for natural gas production at a cost estimated at $12 billion fully paid by the company. The process will be completed with two years,” Mulla was quoted as saying by Al Ahram.
“Natural gas production from the Zohr field is expected to reach 2.7 billion cubic meters of natural gas a day,” said the minister, adding that the company will start installing gas sensors soon.
Vice President of the company, Lapo Pistelli said that the new discovery could be just the beginning of other – possibly bigger – findings in even deeper waters around the Zohr discovery, according to Al Ahram.
In August, ENI announced it made a “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.