Latest news with #Saipem10000
Egypt Today
20-04-2025
- Business
- Egypt Today
Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Preliminary projections suggest that the third phase of Egypt's Zohr gas field development will add around 1 trillion cubic feet of natural gas to the field's overall reserves. The update was shared during an in-depth workshop at Eni's headquarters in Milan, Italy, attended by key stakeholders to evaluate the field's future and long-term production sustainability. A major highlight of this phase is the planned deployment of a floating processing unit, positioned 220 kilometers offshore. This facility will separate gas and condensates, with production scheduled to commence by 2028. The workshop also reviewed ongoing exploration and drilling efforts, as authorities maintain close oversight of Zohr's development to ensure timely execution. Key topics included the project's timeline, strategies for reducing carbon emissions, and enhancing safety standards—part of a wider commitment to sustainable energy development. Meanwhile, drilling operations are actively underway, led by Eni's Saipem 10000 rig, as part of the broader expansion efforts in the Zohr gas field.
Daily News Egypt
26-02-2025
- Business
- Daily News Egypt
Egypt's Petroleum Minister announces Zohr field development resumption
Karim Badr, Egypt's Minister of Petroleum and Mineral Resources, has announced the resumption of development activities at the Zohr gas field following the arrival of the Saipem 10000 drillship in Egyptian waters at the end of January. After completing essential preparations, drilling of the first well in the new phase of the field's development project began in mid-February, in collaboration with Eni, Arcius, and Mubadala Rosneft. The initiative aims to enhance natural gas production rates and counteract the natural decline in well output. The announcement was made during the general assembly meeting of Petro Shorouk and Petrobel, where the planning budget for the fiscal year 2025/2026 was approved. Minister Badr expressed satisfaction with the continued developmental drilling activities at Zohr field, emphasizing the strong teamwork involved in restoring and increasing production levels. He underscored the project's significance for Egypt and its partners, highlighting the need for a structured action plan to optimize production and address natural declines in well productivity. Francesco Gaspardi, Director of Eni in Egypt, affirmed the company's commitment to supporting medium- and short-term efforts, identifying high-potential opportunities, and implementing plans to mitigate natural well declines. He expressed optimism regarding the success of upcoming drilling operations. Salma Al-Hajri, Regional Vice President of UAE-based Mubadala Energy, extended her congratulations on the success of the EGYPS 2025 conference, a key event uniting industry stakeholders. She expressed enthusiasm about the resumption of drilling at Zohr field and optimism for positive outcomes benefiting all involved parties. Nasser Saif Al-Yafie, CEO of Arcius Energy, highlighted the critical importance of resuming drilling activities and intensifying operations due to their strategic significance for both Egypt and its partners. He noted the positive indicators for successful drilling and production maintenance and outlined future plans for increasing output. He also commended Petrobel for its operational efficiency and safety measures. Alexander Kozyrev, Head of Exploration and Production at Russian Rosneft, praised the collaborative efforts of all partners in restarting drilling operations at Zohr field and expressed anticipation for increased production in the near future. Khaled Mowafy, Chairperson of Petrobel, detailed the drilling progress, explaining that following the Saipem 10000 drillship's arrival in late January and completion of preparatory work, the ship moved to Zohr field on February 15. The drilling phase involves redirecting three wells—Zohr 13, Zohr 6, and Zohr 9—using coiled tubing technology in deep waters for the first time worldwide. Mowafy also highlighted the achievement of five and a half million safe working hours. During the Petrobel assembly, Minister Badr stressed the urgency of accelerating the development of discovered resources and integrating them into Egypt's production strategy. He emphasized the necessity of deploying additional drilling rigs to intensify operations and leveraging artificial intelligence to identify reservoirs before initiating drilling. Badr reaffirmed Eni's role as a strategic partner in Egypt's petroleum sector, highlighting its track record of successful collaborations. He noted that Eni CEO Claudio Descalzi's participation in the EGYPS 2025 conference, along with his meeting with President Abdel Fattah Al-Sisi, underscored the strength of the partnership and signaled new investment and growth opportunities in Egypt's energy sector. Francesco Gaspardi emphasized the promising potential within Petrobel's concession areas, particularly in Abu Madi. He outlined Eni's intensified activities aimed at stabilizing and increasing production through the operation of six drilling rigs and an expansion of onshore drilling operations. He also stressed the importance of advanced reservoir studies in achieving targeted production goals and ensuring sustainable output. Wael Shaheen, Regional Vice President of BP in Egypt, lauded Petrobel's commitment to safety, energy efficiency, and emissions reduction, as well as the company's ongoing efforts to lower production costs. Khaled Mowafy disclosed that $320 million has been allocated for operational activities, including $122m dedicated to well maintenance to sustain production levels. A portion of the budget will also support the necessary upkeep of production platforms across all company sites. Looking ahead, Petrobel aims to achieve a daily production rate of 144,000 barrels of oil equivalent and 434 million cubic feet of gas in the 2025/2026 fiscal year. This ambitious target requires collective efforts and an intensified focus on expanding operational activities. The company also plans to produce 58,000 barrels of crude oil, 4,730 barrels per day of condensates, and 130 tonnes per day of LPG while striving to maintain cost efficiency at optimal levels.
Zawya
25-02-2025
- Business
- Zawya
Egypt: Zohr gas field development underway as Saipem 10000 begins drilling
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi announced the resumption of development work at the Zohr gas field following the arrival of the Saipem 10000 drilling ship in Egyptian waters at the end of January, as per a statement. Necessary preparations have been completed, and drilling began in mid-February on the first well of the new phase, in collaboration with Eni, Arcius Energy, Mubadala, and Rosneft to increase natural gas production and counter the natural decline in output. The announcement came during the general assembly meeting of PetroShorouk and Petrobel to approve the planning budget for the fiscal year (FY) 2025/2026. Badawi emphasized the importance of restoring and increasing production levels, urging a clear action plan with specific targets. He also highlighted the role of the Zohr School of Applied Technology in Port Said as an example of industry-community partnership. Petrobel Chairman Khaled Mowafi outlined the company's financial plan, with $320 million allocated for operations, including $122 million for well maintenance to sustain production. Part of the budget is also designated for maintaining production platforms across all company sites. The company aims to achieve daily production of 144,000 barrels of oil equivalent and 434 million cubic feet of gas in FY 2025/2026. The crude oil target is 58,000 barrels per day, alongside 4,730 barrels per day of condensates and 130 tons per day of butane, while maintaining cost efficiency. He also noted that Petrobel has achieved 5.5 million safe working hours during operations. Mowafi confirmed the drilling of three wells, Zohr 13, Zohr 6, and Zohr 9, using coiled tubing technology in deep water for the first time globally. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
10-02-2025
- Business
- Zawya
Egypt's PM visits Zohr field to inspect drilling commencement on Saipem 10000 rig
Egypt - Prime Minister Mostafa Madbouly visited the Zohr natural gas field, located north of Port Said, to inspect the Saipem 10000 drilling rig. Accompanied by Minister of Petroleum and Mineral Resources Karim Badawi, he was welcomed by Francesco Gaspari, President of IEOC (ENI's subsidiary in Egypt), and Martina Opizzi, Head of North Africa and Levant Region at Eni. During his visit, Madbouly stated that the purpose was to assess the Saipem 10000 rig, which returned to the site at the end of January, marking the resumption of drilling and exploration activities in the field. He emphasized that this visit is part of ongoing efforts by the Ministry of Petroleum and Mineral Resources to increase oil and gas production rates across various locations in partnership with international collaborators. This initiative aligns with the government's plans to meet the energy needs of citizens and different sectors. Minister Badawi pointed out that the Prime Minister's visit reflects Egypt's commitment to enhancing production capacity and accelerating oil and gas output to satisfy both local and regional demands. He noted that the rig's return will enable the drilling of new wells at the Zohr field using advanced deepwater technology. These efforts aim to quickly add new production volumes once drilling operations are completed. Badawi also highlighted the hard work over the past six months by the petroleum sector as part of the new government's program to drive production growth. This has involved focusing on exploration, development, and production activities while expediting their implementation and introducing incentives to attract new investors and support existing partners. Additionally, the government has ensured the timely payment of partners' dues to maintain stable cash flows, helping companies resume exploration and production activities. These measures have contributed to reduced import costs, lower expenses related to energy supply, and a significant decrease in outstanding payments to foreign partners, thus revitalizing exploration, production, and development activities without obstacles. The Minister concluded by noting that these efforts have begun to show positive results, with the petroleum sector experiencing promising indicators in production, exploration, and drilling activities. A representative from the drilling rig company explained the rig's load capacity, highlighting its ample space for the necessary equipment and tasks essential for efficient drilling, saving both time and effort. He also discussed the capabilities of the rig's electrical system, emphasizing its robust performance and ability to operate effectively in various weather conditions. Moreover, he pointed out the rig's advanced technology, which enables precise control of pressure conditions during the drilling process. General Manager of Eni, Francesco Gaspari, delivered a presentation on Eni's operations in Egypt. He highlighted the company's major discovery at the Zohr field in 2015 and discussed activities in other locations. Gaspari reviewed the number of exploration licenses granted to Eni for oil and gas drilling and the actual operations that have commenced under these licenses, noting that production has already started in many of the company's concession areas. Gaspari emphasized Eni's strong reliance on Egyptian manpower, stating that the company provides over 21,000 job opportunities, including for contractors and service providers. He also underscored the company's dependence on local suppliers and discussed Eni's involvement in various developmental projects in health, education, and agriculture. Furthermore, he showcased Eni's efforts to reduce carbon emissions from its projects and reaffirmed its commitment to continuing collaboration with the Egyptian government. He expressed gratitude to the government for its dedication to settling the dues of foreign partners. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Egypt Independent
09-02-2025
- Business
- Egypt Independent
PM starts inspection visit to Zohr gas field after arrival of drillship Saipem 10000
Prime Minister Mostafa Madbouly started on Saturday 8/2/2025 an inspection visit to Egypt's giant Zohr gas field in the eastern Mediterranean after the arrival of drillship Saipem 10000 to begin work at the gas field. The premier said the well's output is expected to be back to normal before mid 2025, thus reducing Egypt's importation bill. In a statement, the Ministry of Petroleum and Mineral Resources had said that the drillship Saipem 10000 will begin a drilling campaign, using modern technologies. The ministry said this fell within the framework of efforts to resume plans of developing the gas field under an agreement between the ministry and the Italian company Eni. Under the plans, new wells are scheduled to be drilled within the coming the first three months of 2025. Eni discovered the field in 2015. Average production at Zohr was 1.9 billion cubic feet per day (bcf/d) in the first half of 2024, well below the peak reached in 2019. Saipem 10000 is a specialized vessel owned by Italian energy services company Saipem.
