Chevron to be awarded two blocks in Egypt’s Western Mediterranean

Published on : 2020-01-22

Twelve months on from first announcing the imminent launch of a bid round for eight Western Mediterranean offshore blocks, MEES learns that Cairo has decided it will award acreage on an ad-hoc basis, canning any bid round plans in the process.

The first sign that this could be the case came at the end of December when US major ExxonMobil was awarded the North Marakia Offshore block. Not to be outdone, MEES learns that compatriot and fellow major Chevron is due to be awarded two blocks in the region.

Chevron has been in discussions with Cairo about taking the acreage since the beginning of 2019 and along with Exxon was recently awarded acreage in Egypt’s Red Sea region. This signaled Chevron’s entry into Egypt, with the firm also looking to take Western Desert acreage, MEES understands.

Related Articles

EGYPS 2022 begins a year of strategic energy dialogue

​The 5th annual edition of the Egypt Petroleum Show (EGYPS) held under the patronage of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt and with the support of the Egyptian Ministry of Petroleum and Mineral Resources is taking place from 14 – 16 February.

Read More

Energean, INA get gas exploration licence in Egypt

UK-based natural-gas focused energy company Energean said its unit Energean Egypt, in 50:50 consortium with Croatian oil and gas company INA, was awarded an exploration licence in Egypt on January 3.

Read More

Egypt signs 2 new E&P agreements worth $506 mln investments

Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new agreements with the Canadian Transglobe and Pharos Energy companies to search for, develop and produce petroleum in several regions in the eastern and western deserts.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger