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FINANCIAL NEWS
Investments in Egypt’s Zohr field hit EGP4bn
22 Aug 2017
(MENAFN) The work progress in Zohr field reached almost 5.89 percent, with investments of almost EGP4bn until August this year, as exposed Petropel’s statement.
Accordingly, seven wells have been drilled and their productivity was approved, while the work is proceeding in parallel in all directions to accelerate the linking of first stage wells of production on time.
In addition, the field’s investments reached USD12bn and were planned to reach USD15.6bn at the end of the project.
Meanwhile, Petroleum firm Petro Shorouk, which is responsible for Dahr field’s development, was established by the Egyptian Natural Gas Holding Co. and Ayok.
MENAFN2208201700450000ID1095758103
MENAFN2208201700450000ID1095758103
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