Eastern Mediterranean Gas Conference 2018 highlights development in Zohr field

3/27/2018

HOUSTON, Texas -- More than 150 of the industry’s top executives, government officials, and regional experts met in Nicosia, Cyprus this week to discuss and share their perspectives on energy development in Cyprus and the Eastern Med. The region’s key leaders, involved in determining the natural gas policies of the Eastern Med, attended EMGC for two-days of in-depth discussions on the region’s latest developments, challenges and opportunities.

The conference program was sponsored by Eni, Deloitte, and CyGas and hosted by World Oil, Gas Processing, Hydrocarbon Processing, Petroleum Economist, Pipeline & Gas Journal, and Underground Construction.

Eni and its partners are investing approximately $12 billion in the field, which is the largest in the region with estimated gas in place of 30 Tcf. Zohr started production in December 2017, just two and half years after the discovery announcement, and it is expected to ramp up to 1 Bcfgd by mid-2018. 

After finalization of the development in 2019, the production volume will increase to an estimated peak of 2.7 Bcfgd in 2020. With the Zohr field recently going into production, Egypt is planning to resume gas exports in 2019 and could become a major gas supplier for the region.

The official conference opening and welcome remarks were presented by Georgios Lakkotrypis, H.E. Minister of Energy, Commerce, Industry and Tourism for The Republic of Cyprus. EMGC 2018 featured keynote speakers: Luca Bertelli,  CEO, Eni and Symeon Kassianides, Chairman, The Natural Gas Public Company (DEFA).

Other speakers at this year’s conference included: Andreas Koutsoulides, Commercial Manager, Cyprus Hydrocarbons Company; Yaniv Friedman, Deputy CEO, Delek Drilling LP; Charles Ellinas, Chief Executive, E-C Natural Hydrocarbons Company Limited; Hamdy Faroun, Production Manager, East Zeit-Dana Petroleum; Mathios Rigas, Chief Executive Officer, Energean Oil & Gas; Gina Cohen, Gas Consultant, Eastern Mediterranean; Tarique M. Yusuf, Process Engineer, Talal Al-Nabhan, Senior Process Engineer and Mahdi Al-Qazweeni, Team Leader, Operations Technical Services, Kuwait Oil Company; Wissam Edmond Chbat, Head of Geology and Geophysics, Lebanese Petroleum Administration; Panayiotis Mitrou, Technology & Innovation Manager, South Europe, Marine & Offshore, Business Development, Lloyd’s Register; Roberto Bruschi, Offshore E&C Division— Engineering Authority, Head, Saipem; Emad Rabeea, Senior Process Engineer, WASCO;Lucas Schmitt, Senior Gas and LNG Analyst, Wood Mackenzie; and more.

Additional information can be found online at EMGasConference.com.

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