NO. 40


EGPC Bids Committee Approves Award Of El Quseir Permit To BG And Edison

The bids committee of the Egyptian General Petroleum Corporation (EGPC) hasapproved the award of the 12,000-sq. km. El Quseir deep-water offshore permit(now renamed North Red Sea Block 1) in the northern part of the Red Sea toBritish Gas (BG, operator) and Edison Gas. It is one of three exploration andproduction (E&P) permits for which offers were submitted earlier this year(the closing...