by Rigzone Staff
Thursday, May 10, 2018
Eni SpA announces the start-up of the third production unit at its Zohr project, located offshore Egypt within the Shorouk Block.
Eni SpA has announced the start-up of the third production unit at its Zohr project, located offshore Egypt within the Shorouk Block.
The new development increases the installed capacity at the asset to 1.2 billion cubic feet of gas per day (bcfpd). Zohr is currently producing 1.1 bcfpd in ramp-up, which is equivalent to approximately 200 thousand barrels of oil equivalent per day (boepd). Last month, Eni announced start-up of the second production unit at Zohr.
The Zohr field, which is the largest gas discovery ever made in Egypt, was discovered in August 2015. Zohr, which is said to hold more than 30 trillion cubic feet of gas in place, came online in December last year.
Eni holds a 60 percent stake in the Shorouk Block, with Rosneft holding a 30 percent stake and BP plc holding the remaining 10 percent interest.
The Italian oil and gas company has been present in Egypt since 1954, where it operates through its subsidiary IEOC. Eni is the country’s leading producer with equity of more than 260,000 boepd.
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