Italian energy giant Eni has announced on its website that it has found a "supergiant" gas field at their Zohr Prospect in the deep waters of Egypt in the Mediterranean, claiming it "could become one of the world’s largest natural-gas finds."
It added that this is "an important day" for the company, as well as for Italy and Egypt, as it could fuel Italy’s economic development and "will be able to ensure satisfying Egypt’s natural gas demand for decades."
"It’s a very important day for Eni and its people. This historic discovery will be able to transform the energy scenario of Egypt,"Claudio Descalzi, chief executive of Eni, said in a statement.
The field is located about 80 miles (129 kilometers) off the Egyptian coast, 1,450 meters below the surface.
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