In January 2016 Eni company plans to start drilling on the new giant gas field of Egypt Zohr (Flower) in the Mediterranean Sea, RIA Novosti quoted the statement of the Egyptian Foreign Ministry.
Eni’s representative informed the Egyptian Ambassador to Italy Amro Helmi about the plans to start exploration of the new field.
Zhor gas field was discovered in the territorial waters of Egypt by Italian Eni oil and gas company and is considered among the biggest ones in the Mediterranean Sea. Its resources are estimated at about 30 trillion cub.feet. Egyptian authorities already said that with the current level of consumption, this gas will be enough for minimum ten years.
A source from the Egyptian Ministry of Oil and Mineral Resources told RIA Novosti that Cairo suggests that production on the field will begin within 30-36 months. The Egyptian authorities promise to observe all gas import contracts with the foreign companies, including Russia.
The experts said that the discovered field will change situation not only in Egypt, but it could also change the balance of forces in the entire Mediterranean region.
