Eni starts extraction of 200m cubic feet of gas per day from Zohr

in BreakingNews @en by

The Italian company Eni aims to begin pumping 200m cubic feet of gas per day from the deep-water Zohr field in the Mediterranean by October, through a temporary ground gas processing station. A source at the Egyptian Natural Gas Holding Company (EGAS) told Daily News Egypt that Eni will rent a temporary station until it completes the establishment of the permanent treatment plant. He added that Eni is set to complete the first phase of the treatment plant with a capacity of 650m cubic feet of gas per day by the end of 2017. He noted that Eni completed the drilling of six wells in shorter time than expected and will be linked to the treatment facility by the end of 2017. The total investments in the Zohr field amounted to $12bn and are expected to reach $16bn throughout the life of the field. The estimated cost of drilling one well in Zohr field is around $100m.The Shorouk Concession Development Agreement stipulates that Eni sets aside 40% of the total value of gas produced to pay back foreign partner’s investments, including costs for research and development.

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