{"id":626416,"date":"2018-07-02T04:15:49","date_gmt":"2018-07-02T04:15:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/oil-ministry-downplays-suggestions-that-noor-field-could-be-3x-zohr\/"},"modified":"2018-07-02T04:15:49","modified_gmt":"2018-07-02T04:15:49","slug":"oil-ministry-downplays-suggestions-that-noor-field-could-be-3x-zohr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/oil-ministry-downplays-suggestions-that-noor-field-could-be-3x-zohr\/","title":{"rendered":"Oil Ministry downplays suggestions that Noor field could be 3x Zohr"},"content":{"rendered":"

<\/a> Oil Ministry advises caution on reports of the size of the Noor field:<\/strong> Oil Minister Tarek El Molla pulled the brakes on reports on reserve figures on the Noor gas field off the coast of North Sinai. He tells Youm7<\/a><\/u> that the numbers being reported are not official and are not sanctioned by the Oil Ministry. The local and international press had caused a stir last week<\/a><\/u> with reports that Italy\u2019s Eni could unlock as much as 90 tcf of natural gas reserves from the Noor field, would make it about 3x the size of the supergiant Zohr gas field, if true. El Molla noted that the concession agreements for the field have yet to be ratified by the House of Representatives, so Eni would not have even started operations on the field yet.<\/p>\n

A source in the industry <\/strong>tells that while the seismic studies are still in progress, drilling of the well won\u2019t take place until later this year \u2014 and won\u2019t reach its planned target depth before early January 2019. The source also points out that \u201con average, exploration wells have a success rate of around 20-25%,\u201d calling it \u201cabsolutely extraordinary and extremely unlikely\u201d that it would yield a mega-find on the scale suggested by the press last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil Ministry advises caution on reports of the size of the Noor field: Oil Minister Tarek El Molla pulled the brakes on reports on reserve figures on the Noor gas field off the coast of North Sinai. He tells Youm7 that the numbers being reported are not official and are not sanctioned by the Oil […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626416","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dbff2484-ec3b-49e8-8ee7-6b3d9dba5a3c","order":"0","is_powered_by":true,"section_story_id":"b8663116-8115-4851-bf69-6883f55f6920","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626404],"teaser":"","voice_url":""},"yoast_head":"\nOil Ministry downplays suggestions that Noor field could be 3x Zohr - 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\/2018\/07\/02\/oil-ministry-downplays-suggestions-that-noor-field-could-be-3x-zohr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Ministry downplays suggestions that Noor field could be 3x Zohr\" \/>\n<meta property=\"og:description\" content=\"Oil Ministry advises caution on reports of the size of the Noor field: Oil Minister Tarek El Molla pulled the brakes on reports on reserve figures on the Noor gas field off the coast of North Sinai. 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Italy\u2019s Eni could unlock as much as 90 tcf of natural gas reserves from the Noor field in the offshore North Sinai Shorouk concession, Gulf-based Arab News writes, citing a combination of ministry sources and recent\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626470,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/eni-denies-that-it-made-a-massive-gas-discovery\/","url_meta":{"origin":626416,"position":2},"title":"Eni denies that it made a massive gas discovery","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"Eni denies that it has made a massive gas discovery in Egypt: Eni denied much-hyped reports that it made a massive discovery at the Noor gas field off the coast of North Sinai, Reuters reports. \u201cThere are prospects and new (geological) structures in Egypt but we still haven\u2019t discovered anything,\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624919,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/italys-eni-to-drill-first-exploratory-well-in-noor-field-this-week\/","url_meta":{"origin":626416,"position":3},"title":"Italy\u2019s Eni to drill first exploratory well in Noor field this week","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"Eni, Tharwa to begin Noor field drilling this week: Italy\u2019s Eni and Egypt\u2019s Tharwa Petroleum will reportedly begin drilling this week their first exploratory well in the offshore Noor gas field in North Sinai, an unnamed EGAS official tells Reuters. Eni had signed a USD 105 mn concession agreement with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628261,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/israeli-energy-investors-worry-that-the-noor-gas-field-could-be-a-gamechanger\/","url_meta":{"origin":626416,"position":4},"title":"Israeli energy investors worry that the Noor gas field could be a gamechanger","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"Israeli energy investors worry that the Noor gas field could be a gamechanger: Reports of that the Noor gas field in the East Mediterranean coast off of North Sinai could hold reserves 3x as much as Zohr sent Israeli energy stocks down on Wednesday, according to Haaretz. 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