In record time for a deepwater gas development of this scale, Eni has announced first production from Zohr. The field was discovered in August 2015 and FID taken in early 2016 - Eni achieved first gas from discovery in 2.5 years.
Zohr is the largest gas discovery ever made offshore Egypt and is located in the Shorouk block. The field has begun production at 350mmcfpd and is expected to grow to 1bcfpd by mid-2018. The speed of development is a testament to Eni's "Dual Exploration Model" which was adopted in 2013. Under this model, Eni works the exploration, appraisal and development planning and phases in parallel while bringing in minority partners at the same time to help fund the costs.
Zohr has >30tcf of GIIP and forms an important piece of the jigsaw to solving Egypt's short gas problem. The new production will help feed the hungry and growing domestic gas demand which Egypt has been trying to manage by raising domestic prices on the one hand and incentivising further gas exploration/development on the other.
The Zohr partners are Eni (60%), Rosneft (30%) and BP (10%). Eni is co-Operator of the project through Petrobel, which is jointly held by Eni and EGPC.
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