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Egypt to Hold Tender for Oil Exploration in Eastern Desert

Source: Reuters 8/13/2017, Location: Egypt

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Egypt's General Authority for Petroleum (EGPC) announced on Sunday it would hold a tender for oil exploration in the country's Eastern Desert.

The areas open for exploration include Wadi Dara, with a total area of 50 square kilometres, and block G in West Gharib, with an area of 20 square km.

Bids must be submitted by Dec. 28, according to an advertisement EGPC posted in local newspapers.

Egypt has been pushing for new oil and gas discoveries and speeding up production at existing fields, aiming to cut down on imports and return to exporting natural gas in coming years.

Egypt >>  9/18/2017 - Egypt is planning to reduce its liquified natual gas (LNG) imports in the fiscal year 2017-18 thanks to expected production from the Zohr gas field, r...
Egypt >>  9/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Ibrahim Gassem Al-Buainain, President and CEO of Aramco Trading, a subsi...

Egypt >>  9/9/2017 - In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced ...
Egypt >>  8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Mel...

Egypt >>  8/29/2017 - Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 milli...
Egypt >>  8/26/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 new agreements to explore for Petroleum and Gas in the Egyptian Western Dese...

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