VOL. XLI

No. 18

4-May-1998

EGYPT

Oil Minister Signs Four New E&P Concession Agreements

Egyptian Oil Minister Hamdi al-Banbi on 28 April signed four new oil and gasexploration and production-sharing concession agreements. These are as follows:

  • Northwest Damietta (Block L): 901 sq. kms. offshore north of Damietta in the Mediterranean was awarded to Shell Egypt (operator) and Italy's Edison International. The agreement provides for an exploration commitment of $19mn and three wells, a...