Production at the Egypt’s supergiant gas field Zohr, operated by Italian oil major Eni, will reach 2.9 billion cubic feet per day (Bcf/d) by mid-2019, the company’s CEO Claudio Descalzi told reporters in Cairo on Monday.
Speaking at an industry event, the executive said the plans were to produce between 1.8 Bcf/d to 2 Bcf/d by the end of this year, ramping up to nearly 3 Bcf/d in the second half of 2019.
The offshore gas field, with potential gas reserves of 850 billion cubic meter is expected to have 20 wells drilled by the end of next year. The disclosed production target exceeds the originally-announced 2.7 Bcf/d production target, Kallanish Energy notes.
Descalzi was also quoted by Cyprian media as saying that the recent discovery Eni made offshore Cyprus, at Calypso 1, could hold around 6 trillion to 8 trillion cubic feet of gas. “It could be more or in that range… for sure it cannot be less but we have to understand it … It’s a good find that has merit to go ahead with additional investment,” he said.