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Sunday, 24 April 2016

The development of Eni’s supergiant gas field Zohr is “in limbo” as Eni has begun to downsize its upstream division in Egypt, LeAnne Graves writes for The National. Despite Eni’s claims of drilling appraisal wells successfully, one company source said Eni “fired all of the expatriates from exploration.” There could still be hope, Graves says, quoting a geopolitical analyst who says that Eni could be “focusing all of its cash on developing the Zohr and is not interested in other exploration opportunities because this is a full plate.” The Oil Ministry would disagree, announcing on Saturday that construction has begun on the onshore gas treatment facility servicing the Zohr field in Port Said by both Petrojet and Enppi, as well as the drilling of well four of the Zohr field.

Tag(s) : #Oil and Gas News
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