Egypt’s Petroleum Ministry announced on 27 April that it was pushing back the deadline for its latest bid round by two months, from 2 May to 2 July. MEES understands that the delay was driven by a lack of concrete interest in the seven undeveloped offshore discoveries on offer which are grouped in two clusters (MEES, 14 March).
Meanwhile, no awards have yet been made from Egypt’s prior bid round, a 12-block offering (10 offshore, 2 onshore) launched in August last year (MEES, 30 August 2024). Cairo is currently evaluating bids for four blocks, MEES learns. (CONTINUED - 122 WORDS)