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Wednesday, October 18, 2023

Egypt: Fierce competition for oil and gas tendersnote

Egypt announced on 22/12/2022 a new licensing round for 12 oil and gas blocks in the Mediterranean, the Nile Delta, and the city of Sohag.

Earlier this month (6/10/2023), Egypt’s Natural Gas Holding Company (EGAS) announced that 4 out of 12 blocks were awarded to three companies: Italy’s Eni, QatarEnergy (QE), and Russia’s Zarubezhneft.

The remaining 8 blocks have received high interest from several companies, which have submitted their competing offers.

Tactical Report highlights the updates on Egypt’s oil and gas licensing round, including:

- Initial intentions for the tender

- The IOCs initially selected

- The reason the tender changed

- The IOCs competing for the remaining blocks

The report also sheds light on Egypt’s conditions and demands for the bidders.


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