VOL. XLVI

No 3

20-January-2003

EGYPT

BP Awarded Gulf Of Suez Exploration Blocks

BP Egypt announced on 16 January that it had been awarded exploration rights in the South Abu Zeneima and LL87 Blocks, located in the offshore Gulf of Suez in two different bid rounds. The two agreements were signed by Egypts Minister of Petroleum Sameh Fahmy, EGPC Chairman Ibrahim Saleh and BP Egypt President Hesham Mekawi, on January 15, 2003. The South Abu Zeneima Block lies east of the giant October field and close...