Drilling Activities at Zohr Field to Re-Start in January

The President of the Republic of Egypt, Abdel Fattah el-Sisi, met in Cairo Eni’s Chief Executive Officer, Claudio Descalzi.

During the meeting, which follows the recent ones of August and October, Eni’s CEO could make with President el-Sisi an assessment on the work in-progress of the plan for the development of the Zohr field, where drilling activities will restart in January 2016, as well as the timing and costs associated.

The meeting was an opportunity to review all Eni’s assets in Egypt with the aim of maximizing the production in the country, with a particular focus on the Nooros discovery, which, with the production start of the second well, will reach a potential of 5MMsmc/d.

Furthermore, they discussed the prospects that could result from the establishment of a gas hub in the Eastern Mediterranean Sea, which would allow to share Egyptian transport infrastructures and exports with the nearby discoveries in the area, as those of Cyprus and Israel.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects