Eni al­lo­cates $5bn in­vest­ment to im­ple­ment Zohr gas pro­cess­ing plant

Ca­pac­ity of pro­cess­ing units in­creased to 3.2bn cu­bic feet: source

The Daily News Egypt - - Front Page - By Mo­hamed Adel

Ital­ian Eni has es­ti­mated the cost of im­ple­ment­ing the Zohr gas treat­ment plant to be $5bn, with a ca­pac­ity of 3.2bn cu­bic feet of gas daily, in or­der to con­nect the pro­duc­tion of the project that is es­ti­mated to be 2.9bn cu­bic feet.

A source at the oil sec­tor told Daily News Egypt that im­ple­ment­ing all the gas pro­cess­ing units of Zohr will be fin­ished by the sec­ond half of next year.He ex­plained that five units in Zohr’s pro­cess­ing plant were com­pleted un­til now, with a to­tal ca­pac­ity of 2bn cu­bic feet of gas daily.

The source added that im­ple­ment­ing the sixth nat­u­ral gas pro­cess­ing unit in Zohr will be fin­ished in De­cem­ber, in­creas­ing the to­tal ca­pac­ity of the pro­cess­ing plant to 2.4bn cu­bic feet of gas daily.

Plus, the source ex­plained that the com­pany con­nected the pro­duc­tion of eight wells in the Zohr field to the deep wa­ters of the Mediter­ranean, es­ti­mated to be 2bn cu­bic feet of nat­u­ral gas daily. Com­plet­ing the ninth well will be fi­nalised next month.

He pointed out that de­vel­op­ing the sec­ond phase of Zohr will be in July, in­creas­ing the to­tal pro­duc­tion to 2.95bn cu­bic feet of gas daily, in­stead of the 2.7bn feet es­ti­mated in the de­vel­op­ment plan.

Eni tar­gets in­vest­ing about $4bn in de­vel­op­ing the sec­ond phase of the Zohr field in the deep wa­ters of the Mediter­ranean next year, tak­ing the to­tal in­vest­ments up to $16bn.

Fur­ther­more, the source added that the min­istry has suc­ceeded in co­op­er­at­ing with for­eign part­ner Eni, to re­duce the time re­quired for the project, and take the pro­duc­tion rates from the Zohr field to 2bn cu­bic feet of gas daily this month.

A record was achieved in terms of the time re­quired for the Zohr projects, as the ex­plo­ration took place af­ter only a year and a half from the time the agree­ment was signed, and six months from achiev­ing the ex­plo­ration un­til pro­duc­tion started in mid-De­cem­ber 2017, com­pared to a pre­vi­ously es­ti­mated pe­riod rang­ing from 6 to 8 years glob­ally.

The pro­duc­tion is con­nected to the new land plant in Al-Gamil area, Port Said, in or­der to be pro­cessed and pumped into the na­tional gas grid, af­ter the tech­ni­cal op­er­a­tion tests were con­ducted for the pro­cess­ing units, and the gas trans­fer lines from the wells of the field were con­nected to the pro­cess­ing plant.

Eni tar­gets in­vest­ing about $4bn in de­vel­op­ing sec­ond phase of Zohr field

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