The Egyptian General Petroleum Corporation (EGPC) plans to launch a new exploration and production (E&P) tender for onshore oil blocks, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), according to The National.
“EGPC’s onshore bid round will be before [end of the year]. Nine to ten blocks will be offered from the Western desert and Eastern blocks,” El Molla stated.
The timeline for the tender was not specified.
In September, the Head of EGPC, Abed Ezz El Regal, said that EGPC was planning to launch a new E&P tender before the end of the year, Amwal Al Ghad reported. The state-run company was in the process of seeking the necessary approvals for the tender.