DISCOVERY OF THE DECADE: ENI’S NEW DEEPWATER FIND BIGGEST EVER IN EGYPT.
Sunday, 13th September 2015
“This Historic Discovery Will Transform the Energy Industry in Egypt”
Statements like this often course through the oil and gas industry in Egypt, but this time it may actually not be hyperbole.
In a company statement in late August, Eni announced a massive natural gas discovery off the Egyptian coast, the biggest gas discovery ever made in Egypt—or even the Mediterranean. The Zohr field within the deepwater El-Shorouk block has been found to hold an estimated 30 tcf of natural gas. The massive reserves are spread out over roughly 100 kilometers, and push the field’s classification into “supergiant” territory, an increasingly rare type as fossil fuels are drained globally.