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Shorouk Concession within Zohr gas field

Since June 2018, Mubadala Petroleum has a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field.

Eni is operator with 50 percent interest and the other partners are BP with 10 percent interest and Rosneft with 30 percent interest.

The Zohr field was discovered by Eni in August 2015 and is the largest natural gas field ever found in the Mediterranean, with a total potential of up to 30 trillion cubic feet of gas in place. The field is located approximately 190 kilometers north of Port Said in waters approximately 1,500m deep.

The project was delivered in record time as production in the first phase of the Zohr gas field commenced in December 2017. The field is currently producing 2 billion cubic feet of gas per day (bcfd), equivalent to approximately 365,000 barrels of oil equivalent per day. Production is expected to reach a production plateau of 2.7 bcfd by end 2019.

 Please view the recent news published on Zohr gas field.

 

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