EGPC Bids Committee Approves Award Of West Beni Suef Block ToPennzoil
The bids committee of the Egyptian General Petroleum Corporation(EGPC) has approved the award of the 38,000-sq. km. West Beni Suef onshore block, west ofthe Nile valley (see map), to Pennzoil of the US. Pennzoil's competitors for the blockwere Apache and Global Natural Resources (Seagull). With the award of West Beni Suef, allseven blocks on which offers were received by EGPC have now been...