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Thursday, 15 August 2019

Egypt’s Zohr natgas output triples in 1H2019

Zohr natgas output triples in 1H2019: The Zohr natural gas field produced some 11.3 bn cubic meters (bcm) in 1H2019 at the current rate of 68 mn cm/d or 2.4 bcf/d, Russian energy major Rosneft said yesterday. The field’s output has more than tripled during the first half of the year, from 3.1 bcm produced in 1H2018. Zohr is targeted to produce 76 mn cmd (at a rate of 2.7 bcf/d) by the end of 2019. Rosneft purchased a 30% stake in the field from operator Eni in 2017, and since then the state-owned company has increasing viewed it as a valuable resource in its expansion strategy and natgas production ambitions, says Reuters.

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