Neptune awarded Gulf of Suez block

Egyptian General Petroleum Corp. has awarded Neptune Energy operatorship of an oil exploration license in the Gulf of Suez.

Offshore staff

LONDON – Egyptian General Petroleum Corp. has awarded Neptune Energy operatorship of an oil exploration license in the Gulf of Suez.

The North West El Amal offshore concession (originally offered as block 4) covers 365 sq km (141 sq mi) in the central part of Gulf of Suez, 42 km (26 mi) south of Ras Gharib and 105 km (65 mi) north of Hurghada.

Neptune’s first-phase program will include acquiring 100 sq km (38.6 sq mi) of 3D seismic and drilling one exploration well, followed by two wells more wells in the second phase.

Gamal Kassem, Country Director for Egypt, said: “We are committed to growing our business in Egypt and see this award is an important first step.”

02/13/2019

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