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Exploration & Production

EGAS licensing round to test ‘Zohr effect’

Egypt is hoping for significant interest in its first auction of offshore acreage since the Zohr discovery Egypt is hoping for significant interest in its first auction of offshore acreage since the Zohr discovery.
By James Gavin 31 May 2018 0 31084
Eni offshore platform An Eni offshore platform. (Eni)

Egyptian Natural Gas Holding Co. (EGAS) has launched its biggest exploration licensing round to date in a bid to build on momentum achieved through the development of the huge offshore Zohr field. It is the first opportunity IOCs have had to secure Egyptian offshore acreage since Eni discovered Zohr in August 2015. 

Most of the 16 blocks offered in the round are offshore and two are adjacent to the Shorouk concession, where Zohr was found. The West Zohr Offshore block is adjacent to...