Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Egypt offers offshore blocks to BP, others

    Egypt offers offshore blocks to BP, others

    April 16, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    Oil rig West-Africa16 April 2013, Cairo – Egypt has awarded eight oil and gas exploration blocks off its northern coast, in the Mediterranean Sea to prospective investors.

    BP, Petroceltic International, Sea Dragon, Dana Gas and Pura Vida Energy are all beneficiaries of the awards and would be paying a total of $73.2 million to secure the licence deals.
    According to Reuters report, the deals require minimum investment of $1.2 billion.

    The Ministry of Petroleum said in a statement it had received 13 offers from domestic and foreign companies for the acreage in an international tender.

    A total of 15 blocks were on offer in the round, overseen by Egyptian Natural Gas Holding Company, including six near the maritime borders with Israel and Cyprus where big gas discoveries have been made in the Levant basin.

    The original deadline for bids was postponed by Egas from 13 November last year to 13 February due to initial weak bidding interest in the tender, after announcing the round last June for blocks in the Mediterranean and Delta basins.

    Related News

    Angola’s Block 17 partners sign license extension

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    NCDMB Executive Secretary becomes member of APPO Board

    E-book
    Resilience Exhibition

    Latest News

    “We want reparations”, oil-affected Niger Delta victims demand action

    June 13, 2025

    Transocean Coatings establishes affiliate at SIIFZ

    June 13, 2025

    LASG approves seven dedicated truck parks for Lekki Port axis

    June 13, 2025

    NCDMB Executive Secretary joins AEW 2025 amid focus on enhancing local capacity

    June 13, 2025

    AfDB to provide $184.1m for Africa’s largest solar energy and battery storage project

    June 13, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.