File Photo: Egypt's Zohr gas Field (Photo: Ahram)
Egypt’s giant Zohr offshore gas field has raised output to 2.1 billion cubic feet per day (bcf/d) and partners in the project will invest $1.2 billion in fiscal year 2019/2020 to “intensify development activities in the Zohr area”, the petroleum ministry said on Wednesday.
The largest gas field in the Mediterranean, Zohr was discovered in 2015 by Italy’s Eni and began output in late 2017. It contains an estimated 30 trillion cubic feet of gas.
Zohr development costs in fiscal 2018/2019 (to end-June) are seen at $3.2 billion, the ministry said.