East Med's best is yet to come
The East Med has enjoyed deep water success over recent years and there are new developments to watch out for
From being something of a backwater in energy terms, the Eastern Mediterranean is suddenly the place where the majors want to be. The game changer was the huge Zohr gasfield discovery off Egypt in a previously unknown carbonate layer. Eni says Zohr contains at least 30 trillion cubic feet of natural gas and the company is continuing to build production towards its 2020 capacity target of 2.7bn cubic feet a day. Eni is also preparing to carry out exploratory drilling at the Noor field, off Sinai, amid speculation that another Zohr-size discovery awaits. Edison also holds deep-water blocks off Egypt, North Thekah, North Port Fouad and North East Hapy. The company is expected to begin dril
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The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
