Egypt Launches Oil and Gas Exploration Bidding Round

Reuters
Monday, September 25, 2023

Egypt's petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for Feb. 25. 

The round includes 10 areas in Egypt's Western Desert, two in the Eastern Desert, seven in the Gulf of Suez, and four in the Red Sea, the ministry said. Egypt, the most populous Arab country, has sought to position itself as a regional energy hub. 

(Reuters - Reporting by Sarah El Safaty/Writing by Nayera AbdallahEditing by Louise Heavens and David Goodman)

Categories: Energy Geoscience Activity Africa

Related Stories

ExxonMobil Bets $1B on Nigeria’s Usan Offshore Development

TechnipFMC Gets On Board Eni’s Baleine Phase 3 Development

Fresh Ghana Well Lifts Kosmos Energy’s Jubilee Production

Current News

TRIG to Exit Batrice Offshore Wind Farm in $200M Stake Sale Deal

TotalEnergies Ships First ECA LNG Cargo from Mexico to Asia

ExxonMobil Bets $1B on Nigeria’s Usan Offshore Development

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Subscribe for OE Digital E‑News