December 1, 2017 / 12:39 PM / 10 months ago

Egypt's Zohr gas field to yield 350 mln cubic feet daily by end-2017 -ministry

CAIRO, Dec 1 (Reuters) - Egypt’s giant new offshore Zohr gas field in the Mediterranean is set to begin production by year-end and would initially yield 350 million cubic feet per day, the petroleum ministry said on Friday.

Production would increase to around 1 billion cubic feet per day by mid-2018, it said.

Prime Minister Sherif Ismail said in September Zohr was set to produce 500 million cubic feet per day by the end of 2017.

The Zohr field was discovered in 2015 by Italy’s Eni with an estimated 30 trillion cubic feet of gas.

Egypt’s own natural gas output rose to about 5.1 billion cubic feet per day in 2017 from 4.4 billion cubic feet in 2016 with the start of production from the first phase of BP’s North Alexandria project.

The country has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency. (Reporting by Ehab Farouk, writing by John Davison; editing by Susan Fenton)

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