From his part, Dr. Samir Raslan, Undersecretary for Exploration & Agreements in Ministry of Petroleum & Mineral Resources confirmed during delivering his opening remarks that the ongoing bid round announced by his excellency Tarek El Molla for exploration blocks across Egypt Which being offered by EGPC/GANOPE aims to boost exploration and production in new 23 open blocks including the Western Desert, Eastern Desert, Gulf of Suez, and Red Sea.
Furthermore, the new bid round takes into account the diversity of sectors offered in all petroleum regions. It introduces a new offering in the Red Sea areas, which witnessed advanced seismic surveys resulting in valuable geological data that have been processed according to advanced global standards.
