The evaluation of offers for seven new exploration and production blocks under the Egyptian General Petroleum Corporation (EGPC) has been finalized as part of the Ministry of Petroleum and Mineral Resources’ strategy to attract new investments in exploration and production (E&P). Offered via the Egypt Upstream Gateway (EUG), these blocks will bring significant new investments and the drilling of at least 17 new exploratory wells.
The North Sitra and the East Sidi Barrani blocks were awarded to Cheiron Petroleum Corporation, with plans to drill four exploratory wells in these two blocks. Meanwhile, the West Kanayis K block was awarded to Apache Corporation to drill several wells to increase production and to support development work in this block under the integrated agreement in the Western Desert.
The South Abu Senan block was awarded to Pharos Fayoum Company, with plans to drill three exploratory wells, while the South Wadi El Rayan area was awarded to IPR Energy Group committing to drill three exploratory wells there.
The G and HNW blocks of the brown fields of the General Petroleum Company (GPC) were awarded to the NPC & GHP consortium, with plans to drill seven wells in those two blocks to enhance and increase production.
In addition to that, the Ministry will announce the awarding of four new blocks in the Mediterranean Sea, as they were recently offered through the bid round launched by the Egyptian Natural Gas Holding Company (EGAS).
To continue expanding investment opportunities, the EUG currently features a variety of new prospects. These include undeveloped discoveries in the Mediterranean Sea and new exploration blocks in the Western Desert and Gulf of Suez. Bids for these blocks are due by July 2, 2025, with awards to be announced once evaluations are complete.
