The Egyptian government denied rumours about its giant Zohr gas field was facing technical problems, instead highlighting investments to boost its production, according to an official statement on Monday.
“The field is operating at full capacity while news of technical issues is incorrect”, the government said, responding to what it described as reports the field could be shut down.
The statement mentioned that work is underway on the field’s 20th well, after which it is expected to produce 2.3 billion cubic feet per day (bcfd).
It is worth mentioning that the project is jointly owned by Eni, Rosneft, BP, Mubadala Petroleum as well as the Egyptian Natural Gas Holding Company (EGAS).
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