Gulf Oil and Gas accountACCOUNT

Egypt to Launch 2 Oil & Gas Exploration Bid Rounds in 2018

Source: Reuters 5/21/2018, Location: Africa

Share |
Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement.

One bid round will cover 16 concession areas, mostly in the Mediterranean Sea, under state buyer EGAS, in its largest ever bid round.

The other auction will cover 11 concession areas under the Egyptian General Petroleum Corp (EGPC), the statement said.

Italian energy group Eni’s 2015 discovery of the mammoth Zohr gas field has increased Egypt’s appetite for international exploration auctions as it seeks to attain natural gas self-sufficiency by end-2018.

Egypt signed a $105 million exploration agreement with Eni and an Egyptian oil company this month to search for more oil and gas off the coast of northern Sinai, the oil minister said.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Exploration News in Egypt >>

Russia >>  10/10/2018 - NOVATEK has announced that its wholly owned subsidiary Arctic LNG 3has completed the testing of the first exploration well at the North-Obskiy license...
Colombia >>  10/9/2018 - Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Co...

Mexico >>  10/9/2018 - Pemex CEO, Carlos Trevino, confirmed the discovery of seven reservoirs in two new wells in Mexico’s Southeast Basin, named Manik-101A and Mulach-1, wh...
Libya >>  10/8/2018 - Libya’s National Oil Corporation, BP and Eni signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a...

Mozambique >>  10/8/2018 - The Mozambican government had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia’s Rosneft. Mozambique’s National Petroleu...
Australia >>  10/5/2018 - Central Petroleum Limited, as Operator and 100% owner of Palm Valley Gas Field, announces that the Palm Valley 13 well (“PV13”), as of this morning, i...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.