After the Mediterranean gas success of recent years, Cairo is hoping to repeat the trick in the unexplored waters of the southern Red Sea.

Oil Minister Tariq al-Mulla this week said a Red Sea bid round is planned for later this year to follow hot on the heels of 10,000km² of 2D “long-offset broadband multiclient seismic” being shot by Schlumberger and Norwegian seismic experts TGS under a $750mn deal inked in July last year (MEES, 4 August 2017).

As part of the agreement...