Egypt Delays Red Sea E&P Bid Round until Q1 2019
Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.
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 ...