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Tag: Bid Round
Mubadala

UAE’s Mubadala prepares for its debut in Egypt’s Oil & Gas market

Posted: April 26, 2018 at 5:00 pm   /   Oil & Gas

UAE’s Mubadala looking to acquire 10% Zohr stake next month as it prepares to enter Egyptian market: The Abu Dhabi-based Mubadala Petroleum is expected to sign next month the final contracts for its acquisition of a 10% stake in the Zohr gas field from Italy’s Eni, Oil Minister Tarek El Molla said yesterday, Al Shorouk […]

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Egypt to tender 10 or 11 Mediterranean concessions for oil and gas exploration

Posted: April 18, 2018 at 2:19 pm   /   Oil & Gas

Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said on Tuesday. Egypt also aims to auction oil and gas drilling in the Red Sea by the end of 2018, Molla told a news conference. Egypt plans to speed up production from recently discovered fields, […]

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EGAS to launch bid round for gas exploration in 9 areas in Q2 2018

Posted: April 3, 2018 at 4:12 pm   /   Oil & Gas

The company obtained security approvals for the bidding process, and will include six marine and three land areas. The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the […]

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El Molla: Egypt to hold oil exploration tender in H2 2018

Posted: March 5, 2018 at 5:24 pm   /   Oil & Gas

Egypt will launch international tenders for oil exploration in the second half of 2018, petroleum minister Tarek El-Molla said. El-Molla added that Egypt is also planning to partner with new companies in H2-19, according to Al-Ahram Newspaper. The North African state has been able to contract with global firms for oil exploration in new areas […]

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El Molla: IOC investment in Egypt's Oil & Gas sector reached $10 bn this year

Posted: February 15, 2018 at 4:36 pm   /   Oil & Gas

Investment by international oil companies reached USD 10 billion so far in FY2017-18, Oil Minister Tarek El Molla said in an interview with Al Borsa. This will likely increase, as the ministry plans to issue exploration tenders, including in the East Mediterranean and in the Nile Delta region sometime in 2H2017-18, said El Molla. The […]

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Zohr reshapes the future of gas exploration in Egypt

Posted: February 13, 2018 at 5:28 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) plans to launch an international bid for gas exploration in land and sea areas before the end of the first half of this year. According to Medhat Yousef, former vice president of the Egyptian General Petroleum Corporation (EGPC), the bids for exploration for oil and natural gas, which […]

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EGAS to issue natural gas exploration tender in 11 blocks before June

Posted: February 6, 2018 at 6:39 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) is planning on issuing natural gas exploration tenders in 11 offshore and onshore blocks before June, an unnamed EGAS source tells Al Shorouk. EGAS Chairman Osama El Bakly had previously announced the company’s plans to have a bid round for oil and gas exploration in East Mediterranean and […]

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Ganope chairman: Egypt completed 4,200 km of Red Sea 2D seismic survey

Posted: January 26, 2018 at 8:01 pm   /   Oil & Gas

Exploration bidding in those offshore areas will increase Egypt’s reserves, said El-Molla. A seismic vessel, which is currently conducting two-dimensional seismic surveys in the Red Sea region, has completed a survey of 4,200km of the total 10,000 km, said Mohamed El-Shimy, chairperson of the South Valley Egyptian Petroleum Holding Company (Ganope). He adding that the […]

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EGAS to launch bid round in 1H2018 for East Mediterranean, onshore Nile Delta blocks

Posted: January 24, 2018 at 1:03 pm   /   Oil & Gas

EGAS is planning on issuing a bid round for oil and gas exploration in east Mediterranean and onshore Nile Delta blocks in 1H2018, Chairman Osama El Bakly said, according to Al Masry Al Youm. EGAS will also move ahead with its seismic mapping of blocks in west Mediterranean before setting them up for a bid […]

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Oil Ministry to issue O&G exploration tenders for Red Sea concessions soon

Posted: January 2, 2018 at 10:27 pm   /   Oil & Gas

The Oil Ministry is preparing to sign 12 new oil agreements with a combined investment value of at least USD 433 million, Minister Tarek El Molla said yesterday, Al Masry Al Youm reports. The ministry is also gearing up to issue the first international tenders for oil and gas exploration along Egypt’s Red Sea border […]

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