Egypt to Offer 3 International Oil & Gas Exploration Tenders

Egypt. Oil. Gas. Bigstock

The recent launch follows two licensing rounds opened in 2022, offering 12 blocks for exploration across the Mediterranean and Nile Delta and eight blocks across the Mediterranean, Western Desert and the Gulf of Suez Blocks.

The latter is expected to see an investment of approximately $250 million and the drilling of up to 33 wells.

With these rounds, Egypt is anticipating a significant increase in production capacity from the current 7 billion cubic feet of gas per day and associated exports.

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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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