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On August 31, Italian energy conglomerate Eni said it had discovered a gas field covering about 100 square kilometers and a depth of 1,450 meters off the coast of Egypt, with reserves of up to 30 trillion cubic feet of natural gas, or the equivalent of 5.
5 billion barrels of crude oil
.
"The Zohr gas field has the potential to become one of the largest gas fields in the world that has been discovered, helping to meet Egypt's gas needs
for decades to come," Eni said.
Claudio Descalzi, president of Eni, said the historic discovery could change Egypt's energy landscape
.
Eni is Africa's largest foreign energy company
.
In June, Eni signed a $2 billion exploration agreement with Egypt's Ministry of Oil, allowing exploration in the Sinai, Gulf of Suez, the Mediterranean and the Nile Delta
.
Large gas fields
have been discovered several times in the Mediterranean region over the past few years.
On August 31, Italian energy conglomerate Eni said it had discovered a gas field covering about 100 square kilometers and a depth of 1,450 meters off the coast of Egypt, with reserves of up to 30 trillion cubic feet of natural gas, or the equivalent of 5.
5 billion barrels of crude oil
.
"The Zohr gas field has the potential to become one of the largest gas fields in the world that has been discovered, helping to meet Egypt's gas needs
for decades to come," Eni said.
Claudio Descalzi, president of Eni, said the historic discovery could change Egypt's energy landscape
.
Eni is Africa's largest foreign energy company
.
In June, Eni signed a $2 billion exploration agreement with Egypt's Ministry of Oil, allowing exploration in the Sinai, Gulf of Suez, the Mediterranean and the Nile Delta
.
Large gas fields
have been discovered several times in the Mediterranean region over the past few years.
