exploration | Egypt Oil & Gas - Part 3
EGAS Awards 6 Blocks to International Companies to Boost Exploration
The Egyptian Natural Gas Holding Company (EGAS) has awarded six new blocks to several international companies to maximize exploration investments. The investments injected are estimated at $245 million, and at least 1...
Five Blocks Awarded to Major Oil Companies through “Algeria Bid Round 2024”
Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has awarded exploration licenses of five regions, out of six, to leading oil companies through the “Algeria Bid Round 2024” competition....
Four Companies Win Egypt Bid Round for Glass, Kaolin Sand Exploration
Mineral Resources Bid Round No. 1 for 2024 concluded with positive results, attracting participation from 20 mining companies and 19 private-sector firms bidding to explore glass sand and kaolin deposits in the Easter...
Cabinet Greenlights $252mn in Energy Agreements
The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation(EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These agree...
EUG Examines Promising Exploration Opportunities in Workshop
The Egypt Upstream Gateway (EUG) organized a specialized workshop to discuss promising exploration opportunities and undeveloped discoveries on the investment map. It reviewed 13 investment opportunities currently off...
Egypt Launches Bid Round for Promising South Fayoum Exploration Block
As part of its ongoing efforts to attract investment in its upstream oil and gas sector, Egypt has announced a new bidding round for the South Fayoum exploration block located in the Western Desert. This initiative, l...
MOL Makes New Oil Discovery in the Western Hungry
MOL announced discovering a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the wel...
EGAS Unveils Ambitious Plans for Natural Gas Exploration, Production
During the Egyptian Natural Gas Holding Company’s (EGAS) general assembly meeting, Chairman Yassin Mohamed highlighted the company’s key achievements and future targets for fiscal year (FY) 2024/25 and FY ...
