Zohr

Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and will satisfy Egyptian natural gas demand for decades. On the basis of the data acquired in the well and available geophysical evidence, the field may have a potential of up to 850 billion cubic metres of gas in place and is therefore one of the largest gas discoveries in the world.
It is one of seven record-breaking projects from Eni, all of which are remarkable for their rapid approval rates and times to start-up.

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Project Key-Facts

  • Project name Zohr
  • Country Egypt
  • Operator Yes
  • Start-up 2H17
  • Equity peak in 4 YP (kboed) 175

Gas Advocacy

Eni is focused on continuous growth based on exploration and the creation of long-term value, for a future in which everyone can have efficient and sustainable access to energy. To this end, it has embarked on an energy transition towards a low-carbon future that gives natural gas a central role alongside the growing development of renewable sources. In fact, gas advocacy, along with the promotion of renewables, can help eliminate the use of more polluting fossil fuels, such as coal, which is responsible for more than 70% of CO₂ emissions in the electricity sector. As a demonstration of this commitment, gas accounts for 51% of Eni’s consolidated reserves.

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Dual Exploration Model

The “Dual Exploration Model” strategy is based on the simple principle that, as hydrocarbon reserves increase, the benefits come from early monetization, achieved through the sale of minority stakes to other players. By intersecting the development and exploration phases, time-to-market is faster and the costs of transforming discoveries into production are reduced.
The Dual Exploration model is a winning combination of low exploration costs, reduced investment and risk and high returns, which, between 2014 and 2017 enabled Eni to earn 9 billion from exploration activities and to obtain recognition of the value of its exploration assets, also from the main national and international Oil & Gas companies.

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The discovery and development of the Zohr gas field in Egypt

Like all great exploration discoveries also the Zohr discovery is full of surprises, the unexpected, intuitions, mistakes, skill, enthusiasm, and ups and downs in which the human element is as crucial as the technology. It's a story worth telling from the beginning because we already know what Eni has ...

eniday

Nooros: a record-breaking field

Eni has enjoyed another great success in its exploration in Egypt.

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From Enivideochannel

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#theEnimodel: Hitting Zohr - 2016 Investor Day | Eni Video Channel

Eni's CEO Claudio Descalzi will present to investors the 2016 Investor Day - New York. We continue to evolve thanks in part to projects such as Zohr, the largest gas field in the Mediterranean Sea. Our success is driven by innovation, passion and expertise.

From Enivideochannel

Visit the official channel YouTube

Our path to long term value - Strategy Presentation 2017-2020 | Eni Video Channel

Eni’s Top Management presents the 2016 Results – 2017-2020 Strategy. Find out more on https://www.eni.com/en_IT/home.page Subscribe on Eni Video Channel https://www.youtube.com/channel/UC4T5... ----- Want more from Eni? Facebook: https://www.facebook.com/EniItalia/?f... Twitter: https://twitter.com/eni https://twitter.com/Eniday Instagram: https://www.instagram.com/eni/ Flickr: https://www.flickr.com/photos/enidigi... Google+: https://plus.google.com/u/2/106162487...

ENI's great transformation - Fit for complexity

Eni has changed a lot during the last three years in order to face the challenges of the market and to better address the three major shocks that have affected the energy sector: the collapse of gas consumption in Europe; the decline of oil demand in Europe and refining margins ...

eniday

The history of Zohr

the supergiant gas 100 km2 total extent of the Zohr field, largest in the Mediterranean 100 km2 total extent of the Zohr field, largest in the Mediterranean Zohr: the journey from discovery to sale The first [...] Largest gas field in the Mediterranean. The history of Zohr Largest gas field in ...

17 October 2017 eni.com Section: operations

The history of Zohr

Largest gas field in the Mediterranean. The history of Zohr Largest gas field in the Mediterranean. Bold challenge, surprising result The story of Zohr dates back to 2012, when the field's 15 exploration [...] Sisi. During the meeting Claudio Descalzi confirmed that the start-up of Zohr is expected just two ...

29 May 2017 eni.com Section: operations

Exploration in 2016

Jangkrik project in Indonesia, the oil and gas development of the Offshore Cape Three Points (OCTP) licence in Ghana, the Kashagan restart in Kazakhstan, the accelerated start-up of the giant Zohr discovery [...] resources were discovered, at a unit cost of $0.6/boe. The exploration resources discovered over the last ...

10 August 2017 eni.com Section: enipedia

2016 results

billion boe of additional resources at a cost of 0.6 $/boe. Additions to the Company's resources backlog were 3.4 billion boe in the last three years, at a cost of 1 $/boe. Promising new prospects to be [...] to come on stream in 2017 (Jangkrik - Indonesia, OCTP oil ...

6 April 2017 eni.com Section: company

Exploration model

production chains. Our Upstream model Eni's exploration strategy is driven by time-to-market speed and cost-effectiveness while converting discoveries into production. How to reach first oil before other companies [...] conventional exploration models. That's how we achieved seven records: West and East Hub in Angola, Nooros and Zohr in ...

31 August 2017 eni.com Section: operations

Exploration activities and successful discoveries

billion boe of additional resources at a cost of 0.6 $/boe. Additions to the Company's resources backlog were 3.4 billion boe in the last three years, at a cost of 1 $/boe. Promising new prospects to be [...] successful (sale of 40% of Zohr). Eni signed two agreements ...

4 May 2017 eni.com Section: operations

Exploration and development activities

information required to improve project engineering and reduce the time to reach a final investment decision (FID) is collected and evaluated. Key examples are Coral in Mozambique and Zohr in Egypt, where Eni took [...] deposits and completed new exploratory wells. The reasons for our success Our goal is to focus ...

31 August 2017 eni.com Section: operations

Increase and improvement of resources, our strategy for 2019

Organically-developed conventional upstream projects, with a large resource base and a competitive cost structure Increasing and enhancing the use of discovered resources to improve cash generation Main [...] the carbon footprint and the gradual elimination of routine gas flaring. Large projects at low unit cost The upstream development model will continue ...

12 May 2016 eni.com Section: enipedia

Eni's strategy aim to give more value and solidity

organic portfolio, thanks to the quality and standing of our conventional assets and the design-to-cost approach of our new operating model. Upstream Production: CAGR +3% per year Exploration: new discoveries [...] target high levels of income generation through sustainable growth in the upstream sector and improved cost efficiency; and by ...

1 January 2016 eni.com Section: investors

A year of solid results for the Company

exploration successes with the discovery of 1.1 billion boe, at a unit exploration cost of $0.6 per barrel. We sold 40% of the Zohr field in Egypt to BP and Rosneft, confirming the validity of the dual exploration [...] record time are located in Angola (West Hub and East ...

1 January 2016 eni.com Section: company