Petroleum Marine Services finished 1st phase of Zohr works

CAIRO - 9 August 2017: Petroleum Marine Services PMS finished first phase of their work on Egypt’s giant gas field on the Mediterranean; Zohr, ahead of schedule, company chairman El Sayed El Badawy said Wednesday.

State-owned oil and gas services company will start second phase of their work on Zohr field next week, Badawy told Egypt Today.

Petroleum Marine Services has built three 90-km lines with 25 meters depth on the Mediterranean, Badawy said.

Total investments spent on Zohr, have so far reached $3.8 billion, head of the project’s local operator Belayim Petroleum Company (Petrobel) Atef Hassan told local media last week.

Last week, Italian energy company Eni, Zohr’s operator, also said that development works of Egypt’s “super giant” natural gas field are now 80 percent complete.

In a meeting with Prime Minister Sherif Ismail, Eni’s CEO Claudio Descalzi said the work progress marked a record in the oil industry, having been developed in less than two years.

The Zohr gas field is the largest natural gas field found in the Mediterranean and was discovered in 2015 by the Italian energy company Eni. The field has an area of 100 square meters at a depth of 1,450 meters.

It will start production through three phases. The first will be launched in a few months with an output of one billion cubic feet per day (cfd).

When all seven fields are complete by 2019, this amount will increase to 2.7 billion cfd.