Egypt to Launch New E&P Tender

Egypt to Launch New E&P Tender

The Egyptian General Petroleum Corporation (EGPC) is planning to launch a new exploration and production (E&P) tender before the end of 2017, according to the Head of EGPC, Abed Ezz El Regal, Amwal Al Ghad reports.

EGPC is completing operational procedures and obtaining the required approvals in order to launch the tender, Ezz El Regal said. He added that the purpose of the new tender is to raise Egypt’s production and reserves of crude oil.

Apex International Energy and Royal Dutch Shell signed E&P agreements with EGPC at the end of August, Egypt Oil & Gas reported at the time. Under the agreements, the companies are required to invest at least $81.4 million in E&P projects in the Western Desert.

Sarah Samir 3401 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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