{"id":604224,"date":"2023-08-28T00:00:00","date_gmt":"2023-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/28\/govt-to-offer-up-to-10-oil-and-gas-concessions-in-exploration-tender\/"},"modified":"2023-08-28T00:00:00","modified_gmt":"2023-08-28T00:00:00","slug":"govt-to-offer-up-to-10-oil-and-gas-concessions-in-exploration-tender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/28\/govt-to-offer-up-to-10-oil-and-gas-concessions-in-exploration-tender\/","title":{"rendered":"Gov\u2019t to offer up to 10 oil and gas concessions in exploration tender"},"content":{"rendered":"

Up to 10 oil and gas concessions could be up for grabs soon <\/strong> : <\/strong> The Oil Ministry plans to launch an international tender for companies to explore for oil and natural gas in 8-10 concessions, a source at the ministry told Enterprise yesterday. The tender will be launched by the end of this year or the beginning of 2024, the source said.<\/p>\n

Locations TBD: <\/strong> The government is working with energy firms to determine the exact location of the exploration blocks it will offer, our source said. The concessions are expected to be concentrated in the Gulf of Suez, Red Sea, and the South Valley, explaining that geological surveys for these areas have suggested promising reserves.<\/p>\n

We\u2019re expecting more tenders this year: <\/strong>The state is planning to offer three international gas<\/a> and oil exploration tenders<\/a> this year, Oil Minister Tarek El Molla said in February. The ministry hopes to draw USD 8 bn of investment into the sector during the current fiscal year. Egyptian Natural Gas Holding Company (EGAS) last year launched an international oil and gas tender for 12 exploration blocks<\/a> in the Mediterranean and Nile Delta.<\/p>\n","protected":false},"excerpt":{"rendered":"

Concessions could be up for grabs in the Gulf of Suez, Red Sea, and South Valley<\/p>\n","protected":false},"author":1,"featured_media":604225,"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":[93,72,91,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"bbb03cc1-4498-4702-b2a9-d439dec237f0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/1256.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt to offer up to 10 oil and gas concessions in exploration tender","related_issue":[604217],"teaser":"Concessions could be up for grabs in the Gulf of Suez, Red Sea, and South Valley","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.901c3b26-63a8-47f3-ba42-41f204b7ee9d.mp3"},"yoast_head":"\nGov\u2019t to offer up to 10 oil and gas concessions in exploration tender - 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The door for bidding will\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\/482.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672340,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/23\/oil-ministry-eyes-usd-4-bn-in-investments-this-fiscal-year\/","url_meta":{"origin":604224,"position":1},"title":"Oil Ministry eyes USD 4 bn in investments this fiscal year","author":"enterpriseam admin","date":"23 September 2025","format":false,"excerpt":"The ministry plans to offer up to 12 concessions","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\/2024\/11\/1190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598641,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/egas-to-auction-up-to-11-gas-exploration-blocks-in-egypts-west-med-by-1q2020\/","url_meta":{"origin":604224,"position":2},"title":"EGAS to auction up to 11 gas exploration blocks in Egypt\u2019s West Med by 1Q2020","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"EGAS plans fresh WestMed gas exploration tender: The Egyptian Natural Gas Holding Company (EGAS) plans to put some 11 natural gas exploration blocks in the western Mediterranean up for auction by 1Q2020, a source from the company told Al Shorouk. 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Edison signed a USD 86 mn agreement with EGAS\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\/internal\/536550.png?resize=350%2C200&ssl=1","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":604224,"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":609122,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/31\/oil-ministry-to-launch-gold-exploration-tender-early-2024\/","url_meta":{"origin":604224,"position":5},"title":"Oil Ministry to launch gold exploration tender early 2024","author":"enterpriseam admin","date":"31 October 2023","format":false,"excerpt":"The tender will include 13 concessions in Shalateen and Aswan","rel":"","context":"In "Mining"","block_context":{"text":"Mining","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/mining\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1483.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\/604224","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=604224"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604224\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604217"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/604225"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604224"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604224"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}