19 October 2018 08:08 PM

Sisi witnesses inauguration ceremony of Zohr gas field production

Wednesday، 31 January 2018 - 01:26 PM

President Abdel Fattah El Sisi witnessed on Wednesday 31/1/2018 the inauguration ceremony of the early production process of Zohr gas field at western Port Said.

The ceremony kicked off with the recitation of some verses of the Holy Quran.

Zohr is an offshore natural gas field located in the Egyptian sector of the Mediterranean Sea and its output is expected to reach its peak by the end of 2019. It was discovered in the Mediterranean Sea in 2015 by Italy's Eni and is located in the Shorouk concession which covers an area of 3,765 square kilometres (1,454 sq mi).

Addressing the ceremony, Eni Chief Executive Officer Claudio Descalzi said Zohr gas field project is an evident proof of the company's interest in investing in Egypt where it has been operating since 1954.

He said Egypt was one of the first countries to cooperate with Eni, adding that his company is running around 35 percent of Egypt's natural gas projects.

Descalzi asserted that there is more to be discovered in the mega Zohr field. Despite the hardships that faced the company, there are achievements which have been realized over the past two years, he said.

Work in the field of exploring for natural gas is complicated and it usually takes from six to eight years to reach results, he also said. And, he added, it was actually a record time for us to find a large amount of gas after digging the first well in Zohr field that was discovered in August 2015.
 
Meanwhile, Eni CEO Descalzi said President Abdel Fattah El Sisi pressed them for accelerating work in their gas projects. Within a period of three months, Eni discovered Noras and Balteem fields, he said. One month later, Eni discovered the mega field of Zohr in the Mediterranean Sea, he added.

Eni chief also said Zohr field was discovered in August 2015 during the term of the then Oil Minister Sherif Ismail. In September, Eni presented a development plan of Zohr project, but President Sisi was not satisfied with the timetable included in the plan.

Descalzi said he was saddened by the president's rejection of the plan and his demand for having another one outlined.

In late November of the same year, Eni submitted a new plan to President Sisi, Eni chief said, adding that a historical agreement was reached later on after lengthy meetings and then the president asked Eni to start pilot production in 2017 and since then work has been progressing.

The president has been kept posted on each and every development regarding work in the field on a regular basis, Descalzi said, praising the performance of the Egyptian companies which have joined Eni in its work.

He said that Egyptian companies such as Enppi and Petrojet carried out the designs of the project and "they have done a great job". He also said that the Egyptian companies aiding Eni in its work have made records in their performance, noting that the successful results accomplished were the outcome of the work of the Egyptian companies not the foreign ones.

"We are thankful to them for all the help they have offered us." Thanks are also due to President Sisi and Prime Minister Sherif Ismail for the support they have given to Eni to assist it in achieving such progress and accomplishing such mega project that would help change the country's future.

MENA


Related Stories

Most Visited

From To