Four companies expressed interest in exploration blocks tendered by EGPC

EGPC 2016-bid-round

Four companies have expressed interest in the 11 E&P projects in the Gulf of Suez and the Western Desert tendered by EGPC earlier this year, including US firms Apache Crop, Eos Petro, Greece’s Aegean Oil, and a Chilean company, sources at EGPC told Al Mal.

The authority has not received bids from any of the companies, the source added, despite the tender being issued two months ago, with a deadline at the end of August. Meanwhile, Eos Petro regional manager Yousry Hassan and Petrosilah Chairman Taher Abdel Rehim both said their companies wait until the last minute to submit bids in fear of the details being leaked.



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