Egypt

Zhor Gas Field to Drill 2 New Wells in 2025, Sustaining 2 BCF/D Production

Published on : 2024-10-14

Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, announced that the Zhor gas field in the Mediterranean will begin new well drilling operations through Eni, aimed at enhancing gas reserves and increasing production rates from this crucial field for Egypt and the Mediterranean region.

This announcement was made during the general assembly held at the Egyptian General Petroleum Corporation (EGPC) headquarters for Petro shorouk, which operates in the Zhor concession area. The meeting was attended by leaders from the petroleum sector and representatives from Eni, the main operator of the field, along with BP, Rosneft, and Mubadala.

The Minister emphasized the importance of collaboration and the integration of new technologies in operations, which are vital for maximizing the potential of the field, particularly from deeper layers, aiming to achieve new success stories.

Francesco Gasbari, Managing Director of Eni in Egypt, stated that necessary measures are being taken to launch a campaign for drilling new wells using advanced technology in the deep-water area of the Zhor concession.

Engineer Khaled Mowafi, Chairman of Petroshoruk, presented the achievements for the fiscal year 2023-2024, which helped maintain an average production of approximately 2 billion cubic feet of gas per day. Investments in field activities exceeded $677 million during the year, with preparations underway to drill two new wells in the first quarter of 2025.

The Minister praised the outstanding indicators achieved in safety and environmental protection at the Zhor field, highlighting the environmental measures implemented to reduce flare gases and ensure sustainable operations.

The assembly was attended by Engineer Salah Abdel Karim, CEO of EGPC, his deputies, Engineer Youssef Mohammed, Executive Chairman of the Natural Gas Holding Company (EGAS), and other senior officials from the Ministry of Petroleum.

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The event was attended by Eng. Mohamed Hassan Kandil, Chairman and Managing Director, senior executives, managers, and a large number of employees, along with the outstanding sons and daughters of Egypt Gas.

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The Minister stressed the importance of expediting the implementation of strategic projects, particularly the ozoris and Atoll fields, and connecting their production to the national grid, reaffirming the Ministry’s full support for this direction.