Arab Finance: Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, confirmed that Zohr natural gas field The Mediterranean Sea will witness new well drilling work through the Italian company Eni in the coming period, which will contribute to developing gas reserves and exploiting opportunities to increase gas production rates again from the field, which is of great importance in Egypt and the Mediterranean region.
The Minister stressed the importance of cooperation, concerted efforts of everyone, and integrating new technology into the business, which is a vital step in taking advantage of the capabilities of the field, especially from the deep layers, in an effort to record new success stories.
Francesco Gasparri, director of the Italian company Eni in Egypt, said that the necessary measures are being taken to launch a campaign to drill new wells with modern technology in deep water in the Zohr field concession area.
Engineer Khaled Mowafi, President of Petro Shorouk Company, reviewed the work carried out during the last fiscal year 2023-2024, which contributed to maintaining an average production of about 2 billion cubic feet of gas per day during the year, and the volume of investments in field activities amounted to more than 677 million dollars during the year, while ongoing… Preparing to drill two new wells in the first quarter of 2025.
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