The discovery of a large gas-carrying layer at Zohr field’s second well, that was developed by Italian company Eni, has resulted in an increase of the field’s total gas reserves to 32tcf, compared to a formerly estimated production volume of 30tcf, according to Daily News Egypt.
The source added that according to the initial test results at the concession area of Egypt’s territorial waters in the Mediterranean Sea, the field was estimated to produce 150mcf/d, but now the production will increase to 250mcf/d.
The first phase of the gas field’s development includes drilling six developmental wells and adding them to the production line by the end of 2017. The expenses of drilling a single well are estimated to be $100m, wrote Daily News Egypt.
Furthermore, Veto cited Petrobel CEO, Atef Mohamed Hassan, who affirmed that Zohr has increased the nation’s whole natural gas production rate to 70%. During the community conference, that discussed the environmental impacts of the gas field, that was held at Petrobel’s headquarters in Port Said, Hassan added that thanks to the giant Zohr field, Egypt’s gas reserves have tripled over the last 30 years.