Middle East Economic Survey
Egypt Awards Two Upstream Blocks In Western Desert
Egypt announced on 15 July it had awarded two exploration blocks in the Western Desert. Houston-based Merlon Petroleum has been awarded a 4,500 sq km block in the Fayoum area with a minimum spending commitment of $18mn, comprising six wells over six years, with a signature bonus of $500,000. The second contract, for 4,190 sq km in the Ghazalat area, will require Tunisias Hadi...