New Mediterranean seismic set; offshore Egypt blocks bids due
The bid deadline for blocks offshore Egypt in the Mediterranean is next week.
CAIRO, Egypt– The bid deadline for blocks offshore Egypt in the Mediterranean is next week. The schedule was extended when four new blocks, 12-15, were added, bringing the total number up for bid to 12.
In addition to receiving bids on the acreage available, the government-runEgyptian Natural Gas Holding Co. (EGAS) also has announced plans for what it calls the largest seismic exploration project ever in the Mediterranean. EGAS is reported by Reuters to have contracted PGS to acquire both 2D and 3D data.