Located in the Shorouk block about 190 km (118 mi) north of Port Said, thedeepwater Zohr field has potential resources of more than 30 tcf of gas in place (about 5.5 Bboe).
Discovered in August 2015, the project obtained theinvestment authorization in February 2016.
It is the largest gas discovery ever made in Egypt and in the Mediterranean Sea, according to Eni, and will be able to satisfy a part of the country’s natural gas demand for decades.
Eni holds a 60% stake in Shorouk block, along withRosneft (30%) and BP (10%). The company is co-operator of the project through Petrobel, jointly held by Eni and the state corporation Egyptian General Petroleum Corp., on behalf of Petroshorouk, jointly held by Eni and the state company Egyptian Natural Gas holding Co.