Companies show interest in new licensing round

11 November 2005
Several oil companies from Asia, Europe and the US have already viewed data made available by Egyptian General Petroleum Corporation (EGPC) as part of its recently launched first bid round for 2005. Companies interested in the thirteen new blocks on offer, which will be awarded on a production sharing basis, have been given until 13 February to submit their bids (see Tenders). The exploration blocks are located in the Gulf of Suez, the Eastern Desert and the Western Desert. The concessions are for 20 years and may be extended by up to five years on EGPC and government approval.

2005 bid round 1

Block nameAcreage

(square kilometres)

Southeast Warda317

Ezz el-Orban offshore338

Ezz el-Orban onshore537

West Bitter Lakes2,614

East Cairo5,068

West Darag onshore5,323

El-Wasta3,654

South Mariut4,785

South Alamein3,228

Bahariya4,414

East Badr el-Din83

East Ghazalat858

West Obayed1,841

Source: EGPC

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