A government official told Al-Sharq Bloomberg:
The Italian company Eni aims to start producing about 400 million cubic feet of natural gas per day from the Noor field in Egyptian waters in the Mediterranean Sea by the end of 2027.
The company intends to draw investments of approximately 200 million dollars to drill two additional wells for the exploration and development of new gas layers in the concession area, in preparation for the start of production from the field.
I discovered the "Noor" field in 2019 in the maritime concession area of North Sinai in the eastern Mediterranean, about 50 kilometers from the Egyptian coast. However, the field has not yet entered the commercial production stage, due to challenges related to economic feasibility and development costs.
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