EGPC & EGAS 2021 Bid Round
The Minister of Petroleum and Mineral Resources, announced the results of the first global digital bid round for the exploration and exploitation of oil and gas in the Mediterranean Sea, the Western Desert, and the Gulf of Suez.
- 8 blocks awarded
- $250 million minimum investment
- 33 wells planned
2021 EGAS Bid Round in North King Mariout
BP has been awarded the King Mariout exploration block offshore Egypt following its participation in the limited bid round.
- 2600 km2 area
- $99 million minimum investment
- 3 wells planned
EGAS 2022 International Bid Round
The Ministry of Petroleum and Mineral Resources announced the results of the international bid round by the Egyptian Natural Gas Holding Company (EGAS) for the search and exploration of natural gas and crude oil in the Mediterranean Sea and Nile Delta regions, which closed in mid-July 2023.
- 4 blocks awarded
- $281 million minimum investment
- 12 wells planned
2023 EGPC Brownfields Bid Round
Egypt's petroleum authorities have finalized service agreements with ADES and Gharib Oil Services for seven blocks. In addition to production sharing agreement with LUKOIL for one block.
- 8 blocks awarded
- $76 million minimum investment
- 15 wells planned
2023 EGPC Bid Round
The Ministry of Petroleum and Mineral Resources announced the results of the Egyptian General Petroleum Corporation (EGPC) Bid Round 2023, awarding key oil and gas exploration blocks across Gulf of Suez, the Western Desert, and Eastern Desert. Leading companies, including Terra Petroleum, CIS Gaz, Aten, and Dragon Oil, secured exploration rights in strategic locations, reinforcing Egypt's role as a major player in the upstream sector. These awarded blocks signify the country's commitment to expanding hydrocarbon exploration.