Egypt’s petroleum ministry on Tuesday announced an international tender seeking bids for natural gas and crude oil exploration in the Mediterranean Sea and the Nile delta, 10 offshore blocks and two onshore blocks.
The acreage to be allocated includes 10 offshore blocks and two onshore blocks. The initiative is part of the Ministry of Petroleum and Mineral Resources’s efforts to present new oil and gas exploration opportunities in the Mediterranean Sea and attract investments into the country.
The deadline for bids is Feb. 25 next year, the ministry said.In 2023, Egypt launched a USD 1.8-billion exploration campaign in the Mediterranean Sea and Nile Delta involving Eni, Chevron, ExxonMobil, Shell and BP. The project contemplated the drilling of up to 35 wells until 2025.
Egypt began a $1.8 billion program last year to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta.
Source:https://www.oedigital.com