Ganoub El Wadi Petroleum Holding Company (Ganope) announced the extension of the closing date of its international bid round for 2016 on 10 Blocks. The tender has been extended two and a half months, with a closing date on February 15 2017, reported Egypt Oil&Gas citing Ganope’s press release

Ganope’s Vice Chairman for Agreements and Exploration, Osama Farouk, stated to Egypt Oil&Gas that the company decided to delay the closing date because the bidding firms requested an extension to have enough time to study the areas included and assess whether they are economically valuable, as well as giving more time for additional companies to offer biddings.

In related news, in early August, Ganope had issued the international tender for the exploration of ten areas including five sites within the southern region of the Suez Canal. The launched tender included ten sectors, five are located in the south of Gulf of Suez Gulf, west of Gebel El-Zeit, south-east of Ghara, east of Jesom, Taer El Bahr, and five sectors were located in the Western Dessert of Egypt in south of Al Kharga, east and west of Al Messaha.