Category: EUG

Egypt Talks Closer Partnership with TotalEnergies

Egypt and TotalEnergies discussed enhancing joint cooperation, with new investment opportunities available through the Egypt Upstream Gateway (EUG) for oil and gas exploration in offshore and onshore areas. This came during the meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and Pascal Breant, Managing Director of TotalEnergies Exploration and Production in Egypt. The […]

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EUG Attracts Over $1.2Bn in Investments Since Launched: Gateway Project Manager

Mohamed Radwan, Ganoub El Wadi Petroleum Holding Company’s (Ganope) Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway’s (EUG) Project Manager at the Ministry of Petroleum, revealed that the gateway, now comprising 47 member companies, has attracted investments worth over $1.2 billion for the purpose of drilling 127 wells in 51 areas since its […]

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Egypt Attracts Global Interest in Latest Oil, Gas Bid Round

Significant market demand was seen for the recently-closed bidding round for strategic exploration blocks spanning the Mediterranean Sea, Gulf of Suez, and Western Desert. Global and private-sector companies submitted multiple proposals for concessions such as Rahmat, under the Egyptian Natural Gas Holding Company (EGAS); North July, under the Egyptian General Petroleum Corporation (EGPC); and three […]

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EGAS Awards 6 Blocks to International Companies to Boost Exploration

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new blocks to several international companies to maximize exploration investments. The investments injected are estimated at $245 million, and at least 13 new exploratory wells are expected to be drilled during the exploration period. This is part of the Ministry of Petroleum and Mineral Resources’ […]

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MoPMR Awards Seven New Oil, Gas Exploration Blocks

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 […]

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Egypt Showcases Investment Opportunities at Africa Energies Summit in London

Representatives of the Egyptian petroleum sector showcased the investment opportunities the sector offers together with incentives the government grants to investors in the oil and gas sector, during their  participation in the Africa Energies Summit, held last week in London. The summit is one of the most prominent global energy-related events that brings together decision-makers […]

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EUG Explores Promising Exploration Opportunities in Workshop

The Egypt Exploration and Production Gateway (EUG) organized a specialized workshop to discuss promising exploration opportunities and undeveloped discoveries on the investment map. It reviewed 13 investment opportunities currently offered for bidding, including seven undeveloped discoveries in the Mediterranean Sea for the Egyptian Natural Gas Holding Company (EGAS) for the first time, three exploration areas […]

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