New investments, discoveries show confidence in Egyptian potential


Issue 163 - 23 May 2009 | 5 minute read

Egas has awarded four out of seven offshore blocks in its latest bidding round, while a string of new finds sets the stage for EGPC’s June licensing round, writes Nadine Marroushi. The state-owned Egyptian Natural Gas Holding Company (Egas) has awarded four deep-water offshore exploration blocks to IOCs who submitted bids in early February for acreage in the gas-prone Mediterranean Sea. BG Group won the 281km2 Block 1

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