Egypt’s need for more gas has pushed it to offer up frontier and largely unexplored regions in recent years. Cairo was able to attract majors Chevron and Shell into taking blocks in the country’s Red Sea in 2019, but both subsequently relinquished their acreage (MEES, 31 October).
This presented Egypt with the opportunity to carve up a portion of its northern Red Sea region into four large blocks that were included in a bid round launched on 4 November (see map). (CONTINUED - 558 WORDS)
