Egypt to Launch Intl. Bid Rounds for Oil & Gas Exploration in 2018

published:22/05/2018 05:13 GMT

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 the Egyptian General Petroleum Corp (EGPC), the statement said. Italian energy group Eni's 2015 discovery of the mammoth Zohr gas field has increased Egypt's appetite for...More