The Egyptian Ministry of Petroleum has announced that the dates for submitting bids for two exploration and production (E&P) bid rounds will be in October 2018, Amwal Al Ghad reports.
The ministry stated in an advert published in Al Ahram newspaper that companies must submit their bids for the Egyptian Natural Gas Holding Company’s (EGAS) tender by October 8, 2018.
Meanwhile, the deadline for receiving bids for the Egyptian General Petroleum Corporation’s (EGPC) tender will be on October 1, 2018.
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the launch of the two E&P tenders for exploration and production (E&P) on May 21, Egypt Oil & Gas reported.
The minister said that the concessions cover most of the sedimentary basins across Egypt. EGPC’s tender will be for E&P in 11 concessions, including five in the Western Desert, two in Nile Delta, three in the Gulf of Suez, and one in the Eastern Desert. Meanwhile, EGAS’s tender spans 13 concessions in the Mediterranean Sea and three concessions in the onshore Nile Delta region.