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

Eni, NOC Find Gas in Offshore Libya Exploration Well

Eni Makes Gas Discovery Offshore Egypt, Eyes Fast-Track Development

Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Current News

Van Oord Completes Low-Noise Monopile Installation

Orsted: Middle East Energy Crunch Rejuvenates Europe Offshore Wind Push

Oxy Makes Oil Discovery at Bandit Prospect in Gulf of America

Northern Lights Adds Third CO2 Carrier to Expand CCS Network

Subscribe for OE Digital E‑News