Sources at the Egyptian General Petroleum Company (EGPC) informed Egypt Oil & Gas (EOG) that the company is preparing to issue a new bid round before the end of the year. The Bid Round will include 15 Exploration blocks, of which 5 are currently approved by the Egyptian military, while the rest are still pending. The blocks will be in the Gulf of Suez and Western Desert, and the agreement model will be the commonly used Production Sharing Agreement (PSA). Fundamental data, coordinates of the blocks, procedures and Main Contract Terms & Conditions will be obtained through EGPC website also EGPC Model Agreement will be available at November 2015.
EGPC to Announce New Bid Round
Wednesday, 19th August 2015
Wednesday, 6th October 2021
Saipem has been awarded new onshore drilling contracts in the Middle East and in South America worth $70 million,
Sunday, 3rd October 2021
Iraq has recorded oil exports reached 92.4 million barrels during September 2021 achieving revenues estimated at $6.71 billion.
Wednesday, 29th September 2021
This came as the company published on September 29th an update of the production summary before taxes and royalties.
Sunday, 26th September 2021
The Minister of Petroleum and Mineral Resources Tarek El Molla, issued new appointments at the national oil companies (NOCs).