As part of the Ministry of Petroleum and Mineral Resources – Egypt ‘ plan and strategy to attract new investments in exploration and production, and to support current efforts to increase production, the evaluation of submitted offers for seven new exploration and production blocks affiliated to the Egyptian General Petroleum Corporation (EGPC) has been completed. These blocks were offered through the Egypt Upstream Gateway (EUG). These agreements include new investments and drilling of a minimum of 17 new exploratory wells. These blocks have been awarded to the following companies:
The North Sitra and The East Sidi Barrani blocks were awarded to Cheiron Petroleum Corporation , with plans to drill four exploratory wells in these two blocks.
The West Kanayis K block was awarded to Apache Corporation to drill several wells to increase production and to support development work in this block under the merger agreement in the Western Desert.
The South Abu Senan block has been awarded to Pharos Fayoum Company, with plans to drill three exploratory wells.
The South Wadi El Rayan area has been awarded to IPR Energy Group committing to drill three exploratory wells there.
Awarding the \u201cG\u201d and \u201cHNW\u201d blocks of the brown fields of the General Petroleum Company (GPC) to the NPC & GHP consortium, with plans to drill 7 wells in those two blocks to enhance and increase production rates from them.
\ud83d\udd39In addition to that, Ministry of Petroleum and Mineral Resources – Egypt will announce the awarding of (4) new blocks in the Mediterranean Sea, as they were recently offered through the bid round launched by the Egyptian Natural Gas Holding Company (EGAS) .
\ud83d\udd39On the other hand, and in the process of offering more investment opportunities, a number of diversed investment opportunities are currently available on the Egypt Upstream Gateway (EUG) including several undeveloped discoveries in the Mediterranean Sea, as well as several new exploration blocks in the Western Desert and the Gulf of Suez. The bidding for these blocks is scheduled to close on the 2nd of July 2025, and the awarding of these opportunities will be announced upon completion of the evaluation.<\/p>\n","protected":false},"excerpt":{"rendered":"