Twenty oil wells have been drilled in the Zohr gas field while several others are currently being drilled, as the field’s production has reached 2.2 billion cubic feet of gas per day, the official spokesperson for the Ministry of Petroleum Hamdi Abdel Aziz announced.
The decrease in gas production at the Zohr field is normal as all gas fields experience a natural decrease in order to maintain the reservoir and production rates, Abdel Aziz stated.
He also revealed several details about the meeting between President Sisi and CEO of Italian company Eni Claudio Descalzi, one of the largest international petroleum companies.
In a phone-in with TV presenter Ahmed Moussa, he explained that Eni has seen great success in Egypt – the latest of which was at the Zohr field.
Abdel Aziz added work was underway in new concession areas in the Mediterranean Sea in cooperation between Eni and other companies.
President Sisi’s meeting with delegations from oil companies will be a source of confidence and security for international companies, he added, as the president is interested in the investments and projects being implemented.
Recent crude oil discoveries were made in the Gulf of Suez by a company with Egyptian-English investments, in addition to discoveries made in the Western Desert, he added.
Egypt’s political, security and economic stability attracts international companies in the petroleum sector to invest and explore, Abdel Aziz said, noting that Eni has heavy activity in Bahrain and the Mediterranean.
New gas wells will be drilled in the Red Sea at the beginning of 2024, Abdel Aziz said, noting that a tender for exploration has been launched in 12 areas, half of which are land areas while the rest are marine.
