Petroleum Africa
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Monday, January 2, 2023
The Egyptian Natural Gas Holding Company (EGAS) has launched its latest international bid round for the exploration of both oil and gas. Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla announced the launch of the bid round which will include six offshore and six onshore areas in the Mediterranean and Nile Delta.
Egypt continues to expand its exploration programs in its effort to become a natural gas hub for the greater Mediterranean region.
El Molla explained that the bid round is the third to be launched using the latest digital features of the Egyptian Upstream Gateway (EUG), which was established by the ministry in 2021. The portal provides digital and rapid access to basic information on the proposed bid and its regions, technical data for each region, seismic survey and well data, in addition to the basic terms and conditions, the agreement form, and the procedures for participation in the bid.
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