BG Egypt, a subsidiary of UK gas giant BG Group, said it had been awarded an offshore gas block in the latest bid round held by the state-owned Egyptian Natural Gas Holding Company (EGAS).

EGAS launched its latest licensing round for seven offshore blocks in September 2008.

“We are delighted to have been awarded a gas block in the latest EGAS bid round,” the president of BG Egypt, Tim Blackford, told the Intergas conference in Cairo.

On the conference sidelines, he identified the award as Block 1, North Gamasa Offshore, according to a Reuters report.

(Upstream Online)