Egypt: Mubadala buys into Zohr

Issue 365 - 15 Mar 2018
A subsidiary of Abu Dhabi sovereign wealth fund Mubadala Investment Company has bought a 10% stake in the Shorouk concession from Eni for $934m, giving it part ownership of the super-giant Zohr field. Zohr started production in December 2017 and is now producing 400mcf/d. It is expected to reach 700mcf/d by May and to achieve its intended plateau of 2.7bcf/d by the end of 2019.Eni has farmed out two other stakes in the concession.

Want to read more?

Small article


(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map