talian energy company Eni said it received consent from the Egyptian government to lay the groundwork for developing a giant offshore gas basin. Eni said received word from the Egyptian Ministry of Petroleum that the state Egyptian Natural Gas Holding Co. has granted it a development lease for the Zohr offshore field. “The development plan envisages the start of production by the end of 2017, just two years after the discovery, with a progressive ramp up until reaching a volume of about (500,000 barrels of oil equivalent per day) by 2019,” the company said in a statement. Eni made its initial gas discovery in the Zohr field in August and quickly described it […]