DMWA Resources Company withdrew its bids for acquiring the Lagia Oil Egyptian asset located in Sinai, Africa Oil & Power reported.

The African-focused resources and trading company decided to seek acquiring other marginal oil and gas field across the continent, sources close to the company noted.

Lagia oil field is owned and operated by South Africa’s Efora Energy’s subsidiary company.

Canada-based MENA Hydrocarbons used to own the Lagia asset and sold it to SacOil Holdings, the predecessor to Efora, in 2014. However, MENA Hydrocarbons claims the share purchase agreement terms with SacOil has been violated, which still gives MENA a claim to Lagia oil asset.