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Africa Oil & Gas: Descalzi, el-Sisi discuss Zohr, Nooros development
Eni’s investment in its activities in Egypt reached US$2.7 billion in 2017, the company’s CEO, Claudio Descalzi noted during his meeting with Egypt’s president Abdel Fattah el-Sisi.
Descalzi and el-Sisi discussed the ongoing development activities of the giant Zohr gas field that is progressing according to schedule and the production startup is confirmed for the end of 2017.
In addition to the Zohr gas field activities, the parties discussed the Nooros development, which will produce about 25 mscm/d (172,000 boepd) by the end of January 2017.
Descalzi and el-Sisi also discussed Eni’s future exploration activities in Egypt, including the two new concession agreements for the North El Hammad and the North Ras El Esh blocks, signed in December as a result of the EGAS 2015 international bid round.