Italian company Eni is set to complete the first phase of its gas treatment plant for the gas produced from Zohr field in the Mediterranean Sea by October 2017. The first phase makes up 24% of the plant and will treat 650m cubic feet per day.
A source at Eni told Daily News Egypt that the drilling of six wells has been completed in the Shorouk concession area in less time than expected. The production of the well will be linked to national production by the end of 2017.
The source estimated investments of the treatment plant at $4bn with a total capacity of 2.7bn cubic feet of gas per day.
The total investments in the Zohr field amounted to $12bn and are expected to reach $16bn throughout the life of the field.
A source at Eni said that the company completed the drilling of the wells planned for 2016, noting that the construction of production facilities and treatment of gas in Port Said are ongoing.
Eni aims to link 900m cubic feet of gas per day to the national gas pipeline grid by the end of 2017 or the first quarter of 2018. The project is expected to produce 2.7bn cubic feet of gas by 2020.
The estimated cost of drilling one well in Zohr field is estimated at $100m.