Petroceltic set to drill in Egypt next year

Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to a recent huge gas discovery off the coast of Egypt.

Last month, Italian energy group Eni reported the discovery of what has already been estimated as being one of the world’s largest natural gas fields, stretching for 100 sq km and potentially holding as much as 30 trillion cubic feet of gas, or 5.5bn barrels of oil equivalent (boepd).

According to Eni, the Zohr field could become one of the world’s largest natural gas finds, helping to meet Egypt’s gas needs for decades to come.