El Molla: New form of exploration agreement for Red Sea Bid Round
The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]
Egypt to offer Red Sea exploration bid round by end of 2018
Egypt’s Minister of Petroleum Tarek El-Molla has announced that Egypt will offer the first bid on oil and gas exploration in the Red Sea before the end of 2018 after processing seismic reflection data. During a meeting of the Egyptian-Canadian Business Council, El-Molla affirmed that all the gas and petroleum needs of the electricity sector, […]
First phase of Red Sea seismic mapping completed – El Molla
Phase one of seismic mapping of Red Sea completed: The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — has been completed, Oil Minister Tarek El Molla said on Thursday, according to Al Shorouk. Tendering concessions there to the […]
United Energy to raise Egypt investment, participate in upcoming Bid Rounds
Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]
EGAS announces extension of closing date for 2018 Bid Round
The Egyptian Natural Gas Holding Company (EGAS) announces the Change of the closing date of its 2018 International Bid Round for 16 blocks. The closing date is extended from Monday 8th of October, 2018 to Thursday 29th of November, 2018. (Source: EGAS)
Egypt planning for new exploration bid rounds in West Mediterranean, Red Sea
Minister of Petroleum and Mineral Resources Tarek el-Molla announced on Tuesday that the ministry is looking to increase investment opportunities in the field of oil and gas exploration, through offering tenders on new exploratory areas in the Red Sea and West of the Mediterranean. Molla asserted during a work meeting on attracting the investments that […]
PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019
PGS to gather seismic data for Egyptian frontier licensing round. Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise. Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic data off Egypt’s Western Desert this year in preparation for a planned West Mediterranean frontier licensing round. According to geophysician […]
EGAS offers 16 Mediterranean & Nile Delta blocks in oil & gas bid round
The Egyptian Natural Gas Holding Company (EGAS) launched the 2018 bid round for oil & gas exploration on 16 concession areas: 13 blocks in the Mediterranean Sea and three concessions in the onshore Nile Delta region. The Egyptian Ministry of Petroleum announced in an Al Ahram newspaper advertisement that the deadline for receiving bids for […]
EGPC launches 2018 oil & gas exploration bid round for 11 blocks
The Egyptian General Petroleum Corporation (EGPC) launched the 2018 bid round for oil & gas exploration on 11 blocks: Five in the Western Desert, two in the onshore Nile Delta region, one in the Eastern Desert, and three in the Gulf of Suez (both onshore & offshore). The Egyptian Ministry of Petroleum announced in an […]
Egypt to offer 27 concessions in 2 bid rounds for oil & gas exploration
Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement on Monday. One bid round will cover 16 concession areas, mostly in the Mediterranean Sea, under state buyer EGAS, in its largest ever bid round. The other auction will cover 11 concession areas under […]
