Egypt ExtendsBidding Deadline For Mediterranean And Red Sea Acreage
The EgyptianGeneral Petroleum Corporation (EGPC) has extended to 30 December the deadlinefor bids on nine offshore tracts - five in the Mediterranean and four in the RedSea - in response to a request from a number of major oil companies for moretime to evaluate the acreage. The Mediterranean tracts include two in shallowwater (the 2,800-sq. km. Ras al-Barr and the 3,600-sq. km. Rosetta...