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Tuesday, 13 February 2018

Production from the Zohr offshore gas field will reach 2.9 bcf/d by mid-2019

Production from the Zohr offshore gas field will reach 2.9 bcf/d by mid-2019, said Eni CEO Claudio Descalzi at the conference. The goal was to reach output of 1.8-2 bcf/d by the end of 2018 and then ramp up to 2.9 bcf/d by mid-2019, he added, according to Reuters.

Descalzi also spoke on the potential giant discovery in Cyprus’ Calypso 1 reservoir, saying that an appraisal well would have to be drilled to understand the real volumes there and that Eni would decide alongside France’s Total when to commit to that campaign. Asked whether it is believed to hold around 6-8 tcf, Descalzi said: “It could be more or in that range… for sure it cannot be less, but we have to understand it … It’s a good find that has merit to go ahead with additional investment.” He did not mention Turkey’s latest acts of aggression to hinder the development of Block 6.

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