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EGPC International Oil and Gas Bid Round 2013

Source: www.gulfoilandgas.com 1/30/2014, Location: Africa

The Egyptian General Petroleum Corporation (EGPC) announced an international bid round for 15 exploration blocks in the Gulf of Suez and Western Desert. A total of 31,107 square kilometres, comprising of 5 offshore blocks and 10 onshore blocks.

This bid round has been launched simultaneously with the EGAS (Egyptian Natural Gas Holding Company) International Bid Round 2013, which is offering seven blocks; two of these blocks are onshore and five are offshore.

Submission of bids must be made by 19 May 2014, at 1200 hours (Cairo local time).

The EGPC 2011 International Bid Round saw 15 blocks offered and 11 blocks awarded to companies such as Shell, KNOC, Apache, RWE, TransGlobe and Vegas.

Of the four blocks not awarded, Northwest Gindi Block and Northeast Issran blocks are being re-offered during the EGPC International Bid Round 2013. Abu Sennan South and Abu Sennan Southeast, the remaining blocks not awarded during EGPC 2011 Bid Round, lie directly east of the Southwest Sitra and Southwest Alam El Shawish blocks which are included in this latest round.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

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