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Tag: Bid Round

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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EGPC to launch new bid round for onshore oil blocks this year – El Molla

Posted: November 14, 2017 at 2:12 pm   /   Oil & Gas

Egypt also on track to start pumping gas from Zohr: Tarek El Molla, Egypt’s oil minister confirmed that production from the giant Zohr offshore gas field is on track to start this year. Egypt’s General Authority for Petroleum (EGPC) plans to open a new bid round for onshore oil blocks, as the North African’s country […]

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EGAS to issue new oil & gas exploration tenders in 2018

Posted: October 9, 2017 at 1:20 pm   /   Oil & Gas

EGAS plans to issue new oil and gas exploration tenders in 2018, an unnamed company official tells Al Shorouk. It was reported last month that EGAS was planning to issue global tenders for the West Mediterranean concession once Norwegian firm PGS releases the results of its seismic survey for the area before the end of […]

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German DEA, Egyptian Cheiron to partner with Pemex, become operators in Mexico

Posted: October 7, 2017 at 7:42 pm   /   Oil & Gas

Deutsche Erdoel AG (DEA) of Germany has acquired a 50% license share and operatorship of onshore Ogarrio oil field in southern Mexico’s Tabasco state 197 km west of Villahermosa. The share was offered in the latest farmout auction of the National Hydrocarbons Commission. Petroleos Mexicanos (Pemex) will be the partner, holding the other 50%. Separately, […]

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