Oil & Gas
Egypt launches new bid round for Brownfields in Gulf of Suez, Eastern Desert
Announcement of 2023 International Bid Round for Brownfields (Gulf of Suez & Eastern Desert)
The Egyptian General Petroleum Corporation (EGPC) invites Oil and Gas companies to participate in the 2023 International Bid Round for Brownfields which includes (8) Eight brownfields, (7) Seven of them under the supervision of SUCO (Two Fields) and OSOCO (Five Fields) Companies in Gulf of Suez and Eastern Desert as shown in the following map according to Exploration and Production Services Agreement and (1) One Brownfield (Wadi El Sahl Development Area) in the Eastern Desert According to Production Sharing Agreement.
Egypt Upstream Gateway (EUG) provides virtual access to all 2023 brownfields bid round basic information, including coordinates, exploration and production data, as well as the procedures, main terms & conditions, the Agreements Models and Bid Round instructions.
Companies can easily review and instantly purchase principal and additional datasets, which are available online through EUG Portal: https://eug.petroleum.gov.eg, Interested companies shall submit their offers based on the Announced Procedures, Main Terms & Conditions And The Agreement Models.
The purchase of Principal Data Package (Exploration and Production) is mandatory to bid for brownfields blocks.
The closing date will be on Thursday 15th of June 2023, 12:00 noon (local time).
To participate in Egyptian 2023 bid round, kindly register at EUG portal.
For more information please visit https://eug.petroleum.gov.eg