{"id":578311,"date":"2022-12-22T04:00:54","date_gmt":"2022-12-22T04:00:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/oil-and-gas-exploration-tender-coming-next-week\/"},"modified":"2022-12-22T04:00:54","modified_gmt":"2022-12-22T04:00:54","slug":"oil-and-gas-exploration-tender-coming-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/oil-and-gas-exploration-tender-coming-next-week\/","title":{"rendered":"Oil and gas exploration tender coming next week"},"content":{"rendered":"

<\/a> Energy companies can bid for 12 new oil and gas exploration blocks in the <\/strong>Mediterranean and Nile Delta starting next week <\/strong>in an international tender set to be launched by state-owned Egyptian Natural Gas Holding Company (EGAS), Bloomberg Asharq<\/a> reports, citing an Oil Ministry source. The door for bidding will close five months from the tender\u2019s launch, the source added.<\/p>\n

We knew this was coming:<\/strong> Oil Minister Tarek El Molla had told the news service earlier this month<\/a> that Egypt plans to hold a fresh international tender for oil and gas exploration before the end of the year, adding that it will cover concessions in the Mediterranean and the Western Desert. He also suggested in November<\/a> that the tender would cover concessions in the Eastern Desert, where the ministry had also been planning to launch a second international tender for minerals other than gold before the end of the year.<\/p>\n

Our <\/strong>last tender<\/a><\/strong> saw seven international energy companies bag eight of the 24 oil and gas exploration blocks <\/strong>that were up for grabs in the tender, and saw BP get awarded<\/a> another one of the blocks later in June. BP, Eni, Apex International, Energean Egypt, United Energy, Ukraine\u2019s INA Naftaplin, and Chile\u2019s Enap Sipetrol all received blocks in the tender.<\/p>\n

All for that sweet FX:<\/strong> Egypt is doubling down on its oil and gas industry, as well as rationing domestic gas consumption<\/a>, as part of its efforts to bring to an end a shortage of foreign currency. Ministers will be hoping that the new tender, together with the new oil exploration agreements recently approved<\/a> by MPs, will provide a significant boost to output. Natural gas production reportedly fell from a peak of 7.2 bn cf per day to 6.5 bn cf\/d in the year to 3Q 2022, according to the Middle East Economic Survey<\/a>.<\/p>\n

Chevron strikes gas:<\/strong> El Molla last week confirmed<\/a> recent reports of a large gas find in the Eastern Mediterranean, though declined to provide reserve estimates. This followed a MEES report that claimed that Chevron had discovered a field<\/a> estimated to contain 3.5 tn cubic feet of gas in the Narges block.<\/p>\n","protected":false},"excerpt":{"rendered":"

Energy companies can bid for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta starting next week in an international tender set to be launched by state-owned Egyptian Natural Gas Holding Company (EGAS), Bloomberg Asharq reports, citing an Oil Ministry source. The door for bidding will close five months from the […]<\/p>\n","protected":false},"author":1,"featured_media":578312,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[7135,93,72,91,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egas","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"06240cec-f896-4d66-818c-fc86f58c55f4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/482.jpg","photo_position":"above","related_issue":[578304],"teaser":"","voice_url":""},"yoast_head":"\nOil and gas exploration tender coming next week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/oil-and-gas-exploration-tender-coming-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil and gas exploration tender coming next week\" \/>\n<meta property=\"og:description\" content=\"Energy companies can bid for 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta starting next week in an international tender set to be launched by state-owned Egyptian Natural Gas Holding Company (EGAS), Bloomberg Asharq reports, citing an Oil Ministry source. 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EGAS has finalized studies and seismic scans, and is waiting\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604224,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/28\/govt-to-offer-up-to-10-oil-and-gas-concessions-in-exploration-tender\/","url_meta":{"origin":578311,"position":1},"title":"Gov\u2019t to offer up to 10 oil and gas concessions in exploration tender","author":"enterpriseam admin","date":"28 August 2023","format":false,"excerpt":"Concessions could be up for grabs in the Gulf of Suez, Red Sea, and South Valley","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1256.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578427,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/28\/oil-ministry-launches-new-oil-gas-tender\/","url_meta":{"origin":578311,"position":2},"title":"Oil Ministry launches new oil + gas tender","author":"enterpriseam admin","date":"28 December 2022","format":false,"excerpt":"Oil Ministry kicks off fresh oil + gas tender: State-owned Egyptian Natural Gas Holding Company has launched an international oil and gas tender for 12 exploration blocks in the Mediterranean and Nile Delta, according to an Oil Ministry statement. The tender, which concludes on 30 April, 2023 at 12pm, includes\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/576.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559650,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/new-oil-gas-exploration-tender-coming\/","url_meta":{"origin":578311,"position":3},"title":"New oil + gas exploration tender coming","author":"enterpriseam admin","date":"31 January 2021","format":false,"excerpt":"Energy companies will get a chance to get their hands on new onshore and offshore exploration blocks within two weeks, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence (watch, runtime: 21:15). The tender will include offshore\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542974,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/new-oil-gas-exploration-bid-round-coming-soon\/","url_meta":{"origin":578311,"position":4},"title":"New oil + gas exploration bid round coming soon","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new global tender for oil and gas exploration before June, Bloomberg Asharq reported Oil Minister Tarek El Molla as saying during a press conference yesterday. No further details were disclosed on\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/oil-majors-to-invest-usd-1-8-bn-here-by-2025-in-search-for-gas\/","url_meta":{"origin":578311,"position":5},"title":"Oil majors to invest USD 1.8 bn here by 2025 in search for gas","author":"enterpriseam admin","date":"5 July 2023","format":false,"excerpt":"Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578311"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578311\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578312"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578311"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578311"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}