Egypt launches 2019 Bid Round for Red Sea Oil & Gas Exploration
The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea based on PRODUCTION SHARING AGREEMENT (P.S.A). South Valley Egyptian Petroleum Holding Company (Ganope) is the entity […]
EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded
Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]
DEA awarded new exploration licence in the Nile Delta Onshore Egypt
German upstream company is back to exploration in Egypt! The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square kilometres and is located west of the Disouq development leases, where DEA is […]
US firms interested in Egypt’s offshore oil & gas exploration tenders
Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said. Egypt has emerged as an attractive destination for foreign energy firms following a string of major discoveries in recent years […]
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 […]
