Corporate corner: Eni makes supergiant gas discovery

San Donato Milanese (Milan). Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. It is the largest gas discovery ever made in Egypt and could become one of the world’s largest natural-gas finds.

“This exploration success acquires an even greater value, as it was made in Egypt which is strategic for Eni, and where synergies with the existing infrastructure can be exploited allowing us a fast production startup,” said Eni CEO Caudio Descalzi. Eni is the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 barrels of oil equivalent. 

Published in The Express Tribune, September 8^th,  2015.

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