Egypt Chooses CRCICA for Red Sea E&P Agreement Disputes
Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.
Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.
The bid round will be open for 10 exploration blocks in Egypt's territorial waters in the Red Sea
Shell Egypt is waiting for the bid round to be launched in order to study the possibility of bidding in it, based on studying data and information related to the concessions in the bid round.
Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.
The Egyptian Natural Gas Holding Company (EGAS) will launch a bid round within few days for nine areas, including six areas offshore the East Mediterranean Sea and three areas onshore the Nile Delta.
EGAS plans to drill and develop natural gas fields in the Mediterranean Sea in order to boost production to around 6 billion cubic feet per day (bcf/d) by the end of fiscal year (FY) 2017/2018, which will graduall ...