Egypt’s Ganope Opens New Oil, Gas Exploration Block for Bidding

Egypt’s Ganope Opens New Oil, Gas Exploration Block for Bidding

Egypt’s state-owned South Valley Egyptian Petroleum Holding Company (Ganope) has added a new block in a previous oil and gas exploration bidding, according to a statement by the Egypt Upstream Gateway (EUG) on November 15.

The new block, Abu Marwa, was added “following the interest received”, EUG said.

On November 12, Ganope opened three oil and gas exploration blocks for bidding through the EUG platform, with a submission deadline of December 15.

The blocks include East Zeit Bay, East Shadwan, and East Geisum, located in the southern Gulf of Suez.

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