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

Reuters: Egypt LNG exports expected to rise in October

Egypt liquefied natural gas (LNG) exports are expected to rise in October from the previous month, trading and industry sources told Reuters on Wednesday

Read More

ANRPC invests $12m to raise high-octane gasoline output

Alexandria National Refining and Petrochemicals Co (ANRPC) is building a project to increase high-octane gasoline production to 2 million tonnes per day at an estimated cost of $12 million.

Read More

Egypt to sign electricity interconnection deal with Greece on Thursday

Egypt is set to sign a preliminary agreement with Greece to establish a large electricity cable connecting the two

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumberger