Egypt’s Petroleum Ministry achieved around 800 new oil and gas discoveries starting fiscal year (FY) 2001/02 and until 2015/16. During this period, the ministry achieved 520 crude oil discoveries, according to figures from state statistics agency CAPMAS.
Fiscal years 2011/12 and 2012/13 saw the largest crude oil discoveries, with an average of 57 discoveries each year, followed by FY 2013/14 with an average of 41 discoveries.
In its recently launched report “Egypt in Figures 2018”, CAPMAS showed that FY 2015/16 saw the smallest amount of discoveries.
As for gas discoveries, fiscal years 2007/08 and 2012/13 saw the biggest gas discoveries, realizing 26 and 29 discoveries respectively.
The giant offshore Zohr gas field is one of the most significant gas discoveries in Egypt and the Mediterranean region.
Discovered by Italian energy company ENI in 2015, Zohr gas field has an area of 100 square meters and a depth of 1,450 meters.
Eni in December delivered the first gas from Zohr field, whose estimated 30 trillion cubic feet (tfc) makes it the biggest gas field in the Mediterranean.
