Egypt Steps Up Block Awards

The results of Egypt’s latest oil and gas bid round continue to trickle out, with three more blocks being awarded to international oil companies this week.

RWE Dea on 17 September announced it was awarded two oil-prone blocks in the Gulf of Suez, and two days later Irish independent Petroceltic revealed it had been awarded an offshore Nile Delta block in partnership with Italy’s Edison. Edison is also partnering RWE at one of its blocks.

The awards come a week after state oil firm Egyptian General Petroleum Corporation (EGPC) handed three blocks to international oil companies, as a delayed bidding process gains momentum.


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