GPC Invites E&P Companies to New Bid Round in South Sinai

GPC Invites E&P Companies to New Bid Round in South Sinai

The General Petroleum Company (GPC) invites specialized petroleum companies in the field of exploration and production (oil and gas) to submit offers for undertaking oil and gas exploration and production services in GPC concession area in South Sinai, The Arab Republic of Egypt, with the target of maximizing and stimulating production from the proved and unproved reserves in the discovered fields and explore the unexplored areas to achieve the optimal development of this area.

The above mentioned area (as shown in the map) includes Sudr, Matarma and Asl oilfields with an approximate total area of 95 km². The offer must be presented for the whole area for the signature of production and exploration services agreement.

The bidders can purchase the bid round brochure from GPC head office at 8, Dr. Mostafa Abu Zahra St., Nasr City, Cairo, Egypt, as of Thursday, 15 January 2015, to Thursday, 26 February 2015; from 9:00 am to 3:00 pm for $1000 or the equivalent value in Egyptian pound paid by a payable check named to the General Petroleum Company or in Cash.

The brochure includes the following:

  1. Announcement.
  2. Procedures.
  3. Terms, Conditions & Guidelines technical data of the fields.
  4. Summary of the available.
  5. Exploration and production services agreement model.

Data room will be opened to interested bidders starting from Sunday, 18 January 2015 to Thursday 26 February 2015 except for Friday, through two sessions, the first session from 9:00 am to 2:00 pm and the second from 3:00 pm to 8:00 pm for $1000 or the equivalent value in Egyptian pound per session. paid by a payable check named to the General Petroleum Company or in cash.

Bidders can purchase the data package of the bid round area from the General Petroleum company according to the announced price list in the bid round brochure.

Bid round offers are to be delivered to the office of the Assistant Chairman for Exploration and External Operations in two sealed and separated envelopes (technical and financial) addressed to Chairman of the General Petroleum Company attached with an Unconditional letter of guarantee valid for six months or a payable Check from first class Egyptian bank at a value of $50,000 as a bid bond.

The below mentioned documents have to be attached:

  1. Financial Status for the last three years ratified by an acknowledged financial auditing institution in Egypt
  2. Current organization structure
  3. Available applied technologies
  4. Current activities and projects
  5. Official authorization to receive the brochure & data package

Closing Date for submitting offers 15 April 2015, 12:00 PM Cairo local Time.

For further information visit or contact:
GPC’s Assistant Chairman Office for Exploration & External Operations.
Tel. & Fax Number: (202) 24012058


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