{"id":577770,"date":"2022-12-05T04:08:50","date_gmt":"2022-12-05T04:08:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/"},"modified":"2022-12-05T04:08:50","modified_gmt":"2022-12-05T04:08:50","slug":"chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/","title":{"rendered":"Chevron finds 3.5 tn cf of gas in the EastMed"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-10\"><\/a> <strong>A big gas find in the EastMed:<\/strong> Chevron has discovered an offshore gas field in the Mediterranean estimated to hold 3.5 tn cubic feet of gas, a source tells <a href=\"https:\/\/www.mees.com\/2022\/12\/2\/oil-gas\/chevron-hits-paydirt-with-35tcf-egypt-gas-find\/ade840c0-7247-11ed-acce-cb0f706a9951\">MEES<\/a>. The US energy giant made the finding drilling its first ever offshore well in Egypt at its Narges block off the coast of North Sinai, in which it holds a 45% operating interest. Italian major Eni owns 45% while the state-owned Tharwa Petroleum holds the remaining 10%.<\/p>\n<p><strong>Production has been slipping:<\/strong> The find comes at a good time for Egypt, which has seen output fall from a peak of 7.2 bn cf per day last September to 6.5 bn cf\/d in 3Q 2022, according to MEES.<\/p>\n<p><strong>And good news for our push to become energy BFFs with Europe:<\/strong> Egypt signed a nine-year agreement with the EU and Israel <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/613a0e7e-2a74-4d1b-8b28-0c9660944559\">earlier this year<\/a> to increase gas exports to Europe.<\/p>\n<p><strong>Chevron has become a key player in the EastMed<\/strong> following its 2020 acquisition of Noble Energy. It now operates Israel\u2019s two largest gas fields \u2014 Tamar and Leviathan \u2014 and is developing Cyprus\u2019 Aphrodite field.<\/p>\n<p><strong>The report got attention on the airwaves last night:<\/strong> Kelma Akhira (<a href=\"https:\/\/www.youtube.com\/watch?v=JR77yUjneDE\">watch, runtime: 3:03<\/a>) and Masa\u2019a DMC (<a href=\"https:\/\/www.youtube.com\/watch?v=lD8Wdsg-EFI\">watch, runtime: 4:31<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A big gas find in the EastMed: Chevron has discovered an offshore gas field in the Mediterranean estimated to hold 3.5 tn cubic feet of gas, a source tells MEES. The US energy giant made the finding drilling its first ever offshore well in Egypt at its Narges block off the coast of North Sinai, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577771,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[780,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-chevron","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"0ac341b9-5093-49ae-9713-b6fb67a58adf","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/66.jpg","photo_position":"above","related_issue":[577761],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chevron finds 3.5 tn cf of gas in the EastMed - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chevron finds 3.5 tn cf of gas in the EastMed\" \/>\n<meta property=\"og:description\" content=\"A big gas find in the EastMed: Chevron has discovered an offshore gas field in the Mediterranean estimated to hold 3.5 tn cubic feet of gas, a source tells MEES. The US energy giant made the finding drilling its first ever offshore well in Egypt at its Narges block off the coast of North Sinai, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-05T04:08:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/66.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Chevron finds 3.5 tn cf of gas in the EastMed\",\"datePublished\":\"2022-12-05T04:08:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\"},\"wordCount\":202,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/66.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Chevron\",\"energy\",\"EnterpriseAM\",\"oil and gas\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/05\/chevron-finds-3-5-tn-cf-of-gas-in-the-eastmed\/\",\"name\":\"Chevron finds 3.5 tn cf of gas in the EastMed - 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