Eni Boasts of ‘Super Giant’ Gas Discovery in Egypt, Threatening Israeli Export …

31 Aug 2015 | Author: | No comments yet »

Italian company Eni: ‘Supergiant’ natural gas field found off Egyptian coast.

ROME — The Italian energy company Eni announced yesterday (Aug 30) it has discovered a “supergiant” natural gas field off Egypt, describing it as the “largest-ever” found in the Mediterranean Sea. Eni CEO Claudio Descalzi, third left, and his delegation meet with Egyptian President Abdel-Fattah el-Sissi, center, and an Egyptian delegation, in Cairo, Egypt. Eni said the discovery, made in its Zohr prospect “in the deep waters of Egypt,” could hold a potential 30 trillion cubic feet of gas over an area of about 40 square miles.

The discovery well is 190 kilometers (about 120 miles) from the Egyptian coast, and is at a depth of 1,450 meters ( 4,757 feet) in the Shorouk Block, the company said. Descalzi said that the discovery reconfirmed that Egypt still has “great potential” in terms of energy production. “Important synergies with the existing infrastructures can be exploited, allowing us a fast production start-up,” he said.

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