Egypt’s state oil firm, EGPC, has extended the deadline for bids in its six-block exploration round from 11 November to 14 December, following requests from interested companies, according to the Egypt Upstream Gateway.
Launched in August, the round offers five blocks in the Western Desert and one in the Gulf of Suez under production-sharing terms (MEES, 14 August). The separate eight-block round run by state gas firm EGAS, comprising five offshore and three onshore blocks, was already due to close on 14 December and its deadline is unchanged. Both rounds were opened on 11 August as Cairo seeks to attract upstream investment and reverse declining oil and gas production. (CONTINUED - 105 WORDS)