The closing date for the bid round by the Egyptian General Petroleum Corporation (EGPC) for the development of brownfields and the bid round by Egyptian Natural Gas Holding Company (EGAS) for oil and gas exploration and exploitation in the Mediterranean Sea and the Nile Delta has been extended to mid-July, taking into account the coincidence of official holidays. The new closing date will give an opportunity to obtain more offers for the two bid rounds offered through the Egypt Upstream Gateway (EUG)
EGPC has launched the first international bid round of its kind for the development of brownfields through the EUG.
The bid round includes eight producing fields in the Gulf of Suez and the Eastern Desert. Two of the fields are under the supervision of the Suez Oil Company (SUCO) and five are being supervised by the Offshore Shukheir Oil Company (OSOCO). There is also one brownfield within the Eastern Desert’s Wadi El Sahl Development Area.
EGAS bid round offers 12 open blocks for exploration in the Mediterranean Sea and Nile Delta.