Egypt signs three offshore oil and gas deals for mediterranean blocks
December 30, 2016 | Egypt, Licensing & Concessions
Cairo, Egypt | – Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas E&P deals worth a total of at least $220 million with France’s Total, Britain’s BP Plc and Italian oil major Eni’s Egyptian subsidiary IEOC, the ministry said on Dec. 27. The deals include drilling for six wells and a signing bonus of $9 million, the ministry said in a statement, and are the result of a tender called by Egyptian state gas board EGAS. They are all in …