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Gas production in Egypt’s Zohr project amounted to 12.2 bln cubic meters in 2018 – Rosneft

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Gas production at Zohr field in Egypt developed by the consortium of Eni, Rosneft, BP and Mubadala Petroleum in cooperation with Egyptian oil and gas companies amounted to 12.2 bln cubic meters as of 2018 year-end, the Russian oil major said on Thursday.

“The production increased almost four times compared with the result of H1 2018, which amounted to 3.1 billion cubic meters of gas,” the company reports.

The field is development ahead of schedule after its launch in December 2017, Rosneft said. Zohr project capacity was steadily expanded throughout 2018 in accordance with the development plan and the gas offtake agreement from 11.3 mln cubic meters per day to current 56.6 mln cubic meters daily.

“By the end 2019, the gas output is estimated to reach the design capacity of 76 million cubic meters per day (2.7 billion cubic feet daily),” the company said.

Zohr, the largest offshore gas field in the Mediterranean, was discovered by Eni in 2015. Its area is 231 square kilometers and in-place resources of gas are over 850 bln cubic meters.

Rosneft acquired 30% in the concessionary agreement for the field development from Eni in October 2017. The project is implemented on concession conditions in cooperation with Eni (60%) and BP (10%).

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