Egypt launches tender to explore oil deposits in the Red Sea
November 30, 2018 | Egypt, Licensing & Concessions
Cairo, Egypt | – Egypt will launch the first international tender for the exploration of oil and gas in the Red Sea next December, the Ministry of Petroleum and Energy announced on Wednesday in this capital. The government is carrying out a seismic study on the east coast of the North African country to identify potential resource areas, said the head of the South Valley Egyptian Petroleum Holding Company, Mohamed Abdel-Azim. The official said that the company has been working with the US firm Schlumberger …