Eni CEO briefs president of Egypt on Zohr, Nooros progress

Eni's CEO Claudio Descalzi

Eni’s CEO Claudio Descalzi on Wednesday met Egypt’s President Abdel Fattah el-Sisi, and briefed him about the company’s offshore projects in the country.

According to Eni, during the meeting, Descalzi reviewed with el-Sisi the ongoing development activities of the giant Zohr field in the Mediterranean.

The ultra-fast track project is progressing in line with the expectations, and the production startup is confirmed by end of 2017, Eni said. To remind, Eni made the Zohr discovery back in August 2015.

It is considered to be the largest gas discovery made in the Mediterranean, with estimated total gas resources in place of approximately 30 trillion cubic feet of gas.

The Italian oil company also said that during the meeting, a particular mention was dedicated to the Nooros development, which will produce about 25 MSCM/d (172,000 boepd) by the end of January 2017, just 15 months after startup.

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