{"id":632690,"date":"2018-02-18T04:22:50","date_gmt":"2018-02-18T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/"},"modified":"2018-02-18T04:22:50","modified_gmt":"2018-02-18T04:22:50","slug":"egas-to-hold-exploration-tender-for-nine-blocks-by-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/","title":{"rendered":"EGAS to hold exploration tender for nine blocks by June"},"content":{"rendered":"<p><strong>EGAS to hold exploration tender for nine blocks by June: <\/strong>EGAS plans to hold an international exploration tender for nine blocks \u201cbefore the end of 1H2018,\u201d EGAS Vice Chairman for Agreements and Exploration Ahmed Salah Abdel Wahed said on Thursday, <a href=\"http:\/\/www.youm7.com\/story\/2018\/2\/15\/%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B7%D8%B1%D8%AD-%D9%85%D8%B2%D8%A7%D9%8A%D8%AF%D8%A9-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D9%81%D9%89-9-%D9%85%D9%86%D8%A7%D8%B7%D9%82\/3650671\">Youm7 reports<\/a>. The tender includes six offshore and three onshore blocks. Though he did not specify where these blocks will be, the offshore ones are expected to include areas in the Mediterranean as EGAS has put a plan to issue tenders for natural gas exploration annually, with a focus on the Mediterranean. <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/14\/fdi-in-oil-and-gas-sector-has-hit-usd-10-bn-so-far-this-fiscal-year-el-molla-sounding-the-right-note-on-payments-to-iocs-but-what-about-mid-sized-players\/\">Last week<\/a>, Oil Minister Tarek El Molla said that the ministry plans to float tenders in the West Mediterranean once seismic mapping of the area is complete and a marketing strategy for the field has been developed. He added that the Red Sea and South Egypt areas will also see tenders \u2014 for the first time \u2014 once geological data has been collected.<\/p>\n<p><strong>Will the impact of the early launch of the Atoll gas field be minimal?<\/strong> <a href=\"https:\/\/www.icis.com\/resources\/news\/2018\/02\/15\/10194029\/egypt-s-atoll-gas-field-launch-may-have-limited-impact\/\">Analysts speaking to chemical industry news firm ICIS<\/a> appear to think so, adding that LNG imports are likely to continue to the end of the year. \u201cThe Atoll field is a reasonably significant addition to the trend of growing domestic gas production in Egypt, but on its own it would only have a limited impact,\u201d said Andy Flower, an independent LNG consultant. BP <a href=\"https:\/\/enterprise.press\/stories\/2018\/02\/13\/bp-pledges-usd-1-bn-in-investment-this-year-begins-production-from-atoll-gas-field-seven-months-ahead-of-schedule\/\">had announced the launch<\/a> of the Atoll gas field seven months early last week.<\/p>\n<p><strong>Meanwhile, Eni is doing well\u2014and preparing to reap the rewards of Zohr<\/strong>, as its net profits more than doubled in the fourth quarter to c. EUR 1 bn and production in December reaching an all time high of 1.9 mn boe\/d. Production from Zohr is expected to 70,000 boe\/d for Eni this year, CEO Claudio Descalzi said in the <a href=\"http:\/\/eni.iwebcasting.it\/2017-fourth-quarter-results\/assets\/docs\/press_release_eng.pdf\">company\u2019s earnings release (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EGAS to hold exploration tender for nine blocks by June: EGAS plans to hold an international exploration tender for nine blocks \u201cbefore the end of 1H2018,\u201d EGAS Vice Chairman for Agreements and Exploration Ahmed Salah Abdel Wahed said on Thursday, Youm7 reports. The tender includes six offshore and three onshore blocks. Though he did not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632690","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e14671ea-0056-4151-9fe0-912b45452d53","order":"0","is_powered_by":true,"section_story_id":"2478d628-47cc-4244-a7bd-b3c0d7e950cd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632672],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGAS to hold exploration tender for nine blocks by June - 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\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGAS to hold exploration tender for nine blocks by June\" \/>\n<meta property=\"og:description\" content=\"EGAS to hold exploration tender for nine blocks by June: EGAS plans to hold an international exploration tender for nine blocks \u201cbefore the end of 1H2018,\u201d EGAS Vice Chairman for Agreements and Exploration Ahmed Salah Abdel Wahed said on Thursday, Youm7 reports. The tender includes six offshore and three onshore blocks. Though he did not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-18T04:22:50+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGAS to hold exploration tender for nine blocks by June\",\"datePublished\":\"2018-02-18T04:22:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\"},\"wordCount\":318,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/\",\"name\":\"EGAS to hold exploration tender for nine blocks by June - 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EGAS Chairman Osama El Bakly had previously announced the company\u2019s plans to have a bid round for oil and gas\u2026","rel":"","context":"In &quot;Energy&quot;","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":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":632690,"position":1},"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. EGAS has finalized studies and seismic scans, and is waiting\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":643394,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/08\/abu-dhabis-mubadala-energy-eyes-egas-exploration-tender-plus-egyptian-air-force-to-receive-two-c-130j-30-super-hercules-tactical-airlifters\/","url_meta":{"origin":632690,"position":2},"title":"Abu Dhabi\u2019s Mubadala Energy eyes EGAS exploration tender. PLUS:  Egyptian Air Force to receive two C-130J-30 Super Hercules tactical airlifters","author":"enterpriseam admin","date":"8 September 2024","format":false,"excerpt":"EGAS opened up bids for the 12 new oil and gas exploration blocks in the Mediterranean and Nile Delta late last month","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578311,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/oil-and-gas-exploration-tender-coming-next-week\/","url_meta":{"origin":632690,"position":3},"title":"Oil and gas exploration tender coming next week","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Energy&quot;","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":590692,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/exxon-mobil-corporation-acquires-more-than-1-7-mn-acres-for-exploration-offshore-egypt\/","url_meta":{"origin":632690,"position":4},"title":"Exxon Mobil Corporation acquires more than 1.7 mn acres for exploration offshore Egypt","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"US oil giant ExxonMobil has acquired more than 1.7 mn acres for offshore exploration in Egypt, the company said yesterday. The awards include the 1.2 mn North Marakia Offshore block near the north coast, and 543k acres in the North East El Amriya Offshore block in the Nile Delta. 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