Egypt Launches New Bidding Round
By James Cockayne
Egypt has launched a new bidding round for 20 blocks in the south of the country.
In a 26 December announcement state firm Ganope sought bids from companies “to explore/exploit crude oil and gas under production sharing agreements.” Bidding closes on 30 May.
Eleven of the 20 blocks on offer are large in size (around 10,000sq km each) virgin acreage in the Western Desert with two...