EGPC Launches Bid Round

Tuesday, May 17, 2016

EGPC issued a tender for its latest bid round, the 2016 International Bid Round. The state-run oil firm is offereing up 11 exploration blocks in Egypt’s Gulf of Suez and Western Desert.

Interested international oil firms can submit their offers based on the announced Procedures, Main Commercial Parameters, and the applied Egyptian Production Sharing Model Agreement.

EGPC also has a data room available at its Geological & Geophysical Information Center in Nasr City upon request and according to the determined prices.

The closing date for EGPC’s 2016 International Bid Round is August 31.

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