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.
