No 29



Devon Energy Awarded Two Gulf Of Suez Blocks

US independent Devon Energy was awarded two offshore Gulf of Suez exploration blocks on 18 June. The company was awarded the 245 sq km South East July block, where it is committed to spend $26.3mn to drill four wells and reprocess 3D seismic data over 8.5 years. At the smaller 41 sq km Zeit Bay block, the company is committed to spend $15mn drilling three wells over a 7.5 year exploration period. The awards were blocks...