Egypt’s offshore energy finds

Source: Middle East Institute

Author(s): Mirette F. Mabrouk

Original Link: http://www.mei.edu/publications/monday-briefing-russians-launch-air-strikes-after-alleged-gas-attack

The discovery of the Zohr offshore gas field in the Mediterranean in 2015, by the Italian energy company Eni, heralded some very good, and much needed, news for Egypt. At an estimated 30 trillion cubic feet, it is the largest gas discovery ever made in Egypt and in the Mediterranean Sea. The Nooros field in the Nile Delta was discovered later in the same year, and as of March 2018, it was producing 1.1 billion cubic feet per day, according to Eni.

The discoveries kicked off a string of other major finds and have made Egypt particularly attractive for international energy companies, with significant interest from US firms.

 

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