Zohr field production resumes.. Drilling activities to resume in the coming days

The Italian company Eni has brought in a drilling rig to work on drilling additional wells in the Zohr gas field at the end of December, and to return the production plan to what it was before the drilling stopped by introducing new production of up to 220 million cubic feet per day, by adding two new wells, as expectations indicate that before mid-2025, the volume of Zohr field production will return to what it was.

The petroleum sector has succeeded, through a number of measures taken to confront the challenges during the past period, by paying periodic payments of partners' dues to provide stable cash flows to resume production development, research and exploration activities.

Introducing investment incentive packages and working to attract new investors, which resulted in reducing the import gap, reducing the costs of providing products, significantly reducing foreign partners' dues, and returning the wheel of exploration, production and development to rotate without obstacles.