The gas field was discovered by the Italian energy company Eni in 2015 by drilling the Zohr 1X NFW well at a water depth of approximately 1,450 m.
Its the largest ever natural gas find in the Mediterranean Sea, almost twice the size of the nearby Leviathan gas field.
Eni has a 50 % stake in the block and is responsible for operations there.
The other stakeholders are:
- Rosneft (30 %)
- BP (10 %)
- Mubadala Petroleum (10 %)
This result was achieved thanks to the completion of all 8 land-based treatment units and all the systems for treating and removing sulphur – proceeds from the sale of which, as fertiliser, are used to funding initiatives related to our local development strategy.
The rapid success can also be attributed to the commissioning of a further 3 wells and a 2nd 30-inch gas pipeline, which extends 216 km and connects the underwater production installations to the land-based treatment plant.
The overall investment in the Mediterranean offshore gas project is estimated to be approximately $12 billon, with the initial investment to bring the gas field into production estimated to be approximately $4 billon.
The project makes a fundamental contribution towards Egypt maintaining independence regarding imports of natural gas.
Thanks to Zohr, the country has recovered the self-sufficiency in the gas sector that was lost after 2011.
The field will satisfy all of Egypt’s demand for natural gas for decades to come, meeting 65 % of the energy needs of a nation that is set to become a regional hub for the re-export of LNG.