Edison pays $1.405bn for Abu Qir gas
Issue 152
- 12 Dec 2008
| 1 minute read
Edison International has won a tender to take over the offshore Abu Qir gas fields after agreeing to pay a signature bonus of $1.405bn. The Italian company said it had signed a 20-year concession agreement with Egyptian General Petroleum Corporation (EGPC) following an international tender in which 13 companies submitted offers.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register
