Continental Focus, International Reach

Licensing Round in the Works for West Med

Wednesday, June 12, 2019

Egypt’s Ministry of Petroleum and Mineral Resources plans to launch a new bid round in Q3 for natural gas exploration in the western Mediterranean region, according to an Al Ahram report.

The Ministry pointed out to the importance of the seismic survey projects carried out by Egypt in the western Mediterranean and the Red Sea, which opened new horizons for oil companies to explore for gas in these two regions.