Egypt Launches Tender for Oil and Gas Exploration

© tom carpenter / Adobe Stock
© tom carpenter / Adobe Stock

Egypt's petroleum ministry on Tuesday announced an international tender seeking bids for natural gas and crude oil exploration in the Mediterranean Sea and the Nile delta, 10 offshore blocks and two onshore blocks.

The deadline for bids is Feb. 25 next year, the ministry said.

Egypt began a $1.8 billion program last year to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta.


(Reuters - Reporting by Moahmmed Ezz; Writing by Ahmed Elimam; Editing by David Goodman)

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