Egypt offers more offshore blocks

Ganoub El Wadi Petroleum Holding Co. (Ganope) has launched Egypt’s international 2012 bid round #1.

Offshore staff

CAIRO, Egypt – Ganoub El Wadi Petroleum Holding Co. (Ganope) has launched Egypt’s international 2012 bid round #1.

This includes 20 exploration blocks, including blocks 14 and 15 in the Red Sea, and blocks 16-20 in the Gulf of Suez. Terms are according to the production sharing agreement model applied by the Arab Republic of Egypt.

Bidders can review the information and purchase related data packages from Ganope at: El Nour Street from El Nozha Street, Nasr City, Cairo, Egypt P.O.B.: 3011 El Horria

Basic data, bid-round procedures and conditions and Ganope’s agreement can be accessed atwww.Ganope.com. The closing date for applications is May 30, 2013, before 12:00 p.m., Cairo time.

01/02/2013

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