Eni makes huge Egypt gas find

Eni makes huge Egypt gas find

Italian oil and gas giant Eni has made a “world class supergiant” gas discovery off Egypt at its Zohr Prospect, which could hold a potential of 30 trillion cubic feet of lean gas.

The discovery is the largest ever made in Egypt and Eni will now immediately appraise the field and fast track development.

Claudio Descalzi, Eni’s CEO, remarked: “It’s a very important day for Eni and its people.” Descalzi was in Cairo to update Egypt’s President and Prime Minister on the find.

Eni drilled to a total depth of approximately 13,553 feet and hit 2,067 feet of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics, and Zohr’s structure has also a deeper cretaceous upside that will be targeted in the future with a dedicated well.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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1 Comment

  1. Avatar
    Jonathan Lloyd
    August 31, 2015 at 12:19 pm

    Bloomberg etc are already reporting that this probably casts a shadow over prospects for the Leviathan development since Zohr can supply that market. Not sure what the water depth is like and whether hydrate management technology will be needed. Anybody out there know?