The Egyptian Natural Gas Holding Company (EGAS) assigned four offshore blocks in the Mediterranean Sea, initially offered in the 2024 global bid round through Egypt's Exploration & Production Gateway. Additionally, two onshore blocks were awarded in the Nile Delta and North Sinai.
The awarded concessions and their planned activities
include:
North Simian Offshore and North West Atoll Offshore: Awarded
to a consortium of Chevron Egypt and BG (Shell), with plans for two exploration
wells in each block.
North Ras El Tin Offshore: Awarded to IEOC Production (ENI),
which intends to drill three exploration wells.
East Alexandria Offshore: Awarded to Cairon Egypt, with
three exploration wells planned.
North Tanta Onshore (Nile Delta): Awarded to IPR, which
plans to drill two exploration wells.
Al-Fayrouz Onshore (North Sinai): Awarded to Brinko, which will
conduct a 3D seismic survey and drill one exploration well.
Egypt continues to offer diverse investment opportunities through its Exploration & Production Gateway (EUG), including undeveloped offshore fields in the Mediterranean. The bidding period for these areas is scheduled to close on July 2, 2025, with results to be announced after the bidding concludes and offers are received.