Egypt bid round-2023

Egypt invites majors to commit more capital to its upstream oil and gas vision


Issue 493 - 19 Oct 2023 - By John Hamilton | 2 minute read

The launch of a 23-block oil and gas licensing round by EGPC and Ganope demonstrates the Ministry of Petroleum’s two parallel priorities: the need to attract investment to established hydrocarbons basins in the Western Desert and Gulf of Suez, while also developing new resource plays in the unexplored southern desert and Red Sea zones.

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