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Tag: Bid Round

EGPC launches 2018 oil & gas exploration bid round for 11 blocks

Posted: May 22, 2018 at 5:08 pm   /   Oil & Gas

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 […]

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Egypt to offer 27 concessions in 2 bid rounds for oil & gas exploration

Posted: May 21, 2018 at 2:14 pm   /   Oil & Gas

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 […]

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West Med

Egypt preparing to launch new oil & gas bid round in West Mediterranean

Posted: April 30, 2018 at 5:55 pm   /   Oil & Gas

Egypt is gearing up to launch a round of tenders for oil and gas exploration in waters west of the Nile Delta and through to the border with Libya, Oil Minister Tarek El Molla said at an AmCham event yesterday, Ahram Gate reports. The minister did not get into specifics on the timeline or size […]

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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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