File Photo: Egypt s Zohr gas field in the Mediterranean. Egyptian Presidency
“Zohr field operates with the highest efficiency and at its full production capacity in accordance with the latest global standards and without any technical issues,” the Egyptian cabinet said in a statement.
The cabinet has announced ongoing efforts to drill the 20th well at the Zohr gas field, with a $70 million investment aimed at boosting production. According to the cabinet, this new well is expected to increase the daily production by an average of 2.3 billion cubic feet.
The government has projected that investments in the Zohr field will increase from the current $12 billion to $15 billion over the next three years.
Discovered in 2015, the Zohr gas field is a significant energy asset that is estimated to contain around 30 trillion cubic feet of gas. Its exploitation has enabled Egypt to achieve self-sufficiency in natural gas and eliminate the need for gas imports.
According to the cabinet, early gas production at the Zohr field began in 2017 with a capacity of approximately 350 million cubic feet per day, and it has gradually increased as more wells have entered service.
“The Zohr field partners, which are Italy’s Eni, British BP, Russian Rosneft, UAE’s Mubadala Petroleum and Egypt’s EGAS, have consistently invested in maintaining production levels since the start of operations,” the cabinet stressed.
The government urged citizens "to report any rumours or misinformation" through calls (01155508688 – 01155508851) or emails to ([email protected]).
Power outages
Amid a scorching heatwave that has affected many regions worldwide, rumours of declining gas production at the Zohr field emerged. Egypt has been facing a gas shortage to power the nation's grids due to increased power consumption.
Last week, Egypt implemented a load-shedding programme in response to the gas shortage.
Minister of Petroleum Tarek El-Molla announced earlier this month that Egypt has temporarily suspended liquefied natural gas exports this summer due to increased local consumption. However, the country plans to resume exports in October.“Zohr field operates with the highest efficiency and at its full production capacity in accordance with the latest global standards and without any technical issues,” the Egyptian cabinet said in a statement.
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