Egypt's EGAS Awards Offshore Blocks to International Companies
June 25, 2025
Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday.
Companies will invest $ 245 million to drill at least 13 new exploratory wells during the exploration period.
A consortium of Chevron Egypt and Shell's BG Group was awarded the North Samian offshore block and Northwest Atoll offshore block, where it will drill two exploratory wells in each block.
The North Ras El Tin offshore block was awarded to Eni's IEOC, with plans to drill three exploratory wells.
Cheiron Egypt will drill three exploratory wells in East Alexandria offshore block, while IPR will drill two exploratory wells in the North Tanta onshore block and Perenco will conduct 3D seismic survey and drill one exploratory well in El Fayrouz onshore block in North Sinai.
(Reuters - Reporting by Mohamed EzzEditing by Tomasz Janowski)
