Egypt Launches New Oil and Gas Bid Round ...Middle East

Egypt is inviting international companies to bid for 13 offshore and onshore blocks in a new licensing round as it aims to boost domestic oil and gas production. Companies are invited to bid on six new exploration areas and seven undeveloped discoveries. The undeveloped discoveries are in the Mediterranean, while the six exploration areas include three offshore exploration blocks in the Gulf of Suez and three onshore exploration areas in Egypt’s Western Desert. The so-called Open Blocks Licensing Program (OBLP) will close on May 4, 2025.…

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