Name: Egypt 2016 EGPC licensing round launch
Brand: Wood Mackenzie
SKU: 47704
Price: 1350 USD
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Author: Wood Mackenzie

Insight 26 July 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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                <div>
Egypt is offering eleven blocks in the Western Desert and Gulf of Suez, two of the most well developed basins in the region. The licensing round closes on 31 August 2016 with awards expected to be made in early 2017. Blocks will be awarded as production sharing contracts with 13 biddable parameters. Cost recovery ceiling, excess cost recovery share and profit share will primarily dictate government share. Onshore Egypt remains attractive for exploration with low finding and development costs. The Western Desert in particular has seen high success rates in recent years, with discoveries quickly tied in to the existing pipeline network. Egypt is a net importer of oil and gas, and any new discoveries will help to meet rising demand. However, key concerns for potential bidders will be Egypt’s long-term ability to pay for profit oil and gas, given the country’s ongoing scarcity of US dollars, and the low price offered for onshore gas.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive summary
    </li>

<li class="list__item-toggle font-semibold">
        Acreage on offer
    </li>

<li class="list__item-toggle">
        <a href="#7e28e8f3-988a-4431-a768-385c541bb027" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="7e28e8f3-988a-4431-a768-385c541bb027" aria-expanded="false">
            Terms and conditions
        </a>
        <ul id="7e28e8f3-988a-4431-a768-385c541bb027" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Timeline
    </li>
    <li class="push-quarter--bottom">
        Data
    </li>
    <li class="push-quarter--bottom">
        Evaluation process
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#e892f1d9-927c-4deb-947b-062860160261" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="e892f1d9-927c-4deb-947b-062860160261" aria-expanded="false">
            Prospectivity analysis
        </a>
        <ul id="e892f1d9-927c-4deb-947b-062860160261" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Western Desert
    </li>
    <li class="push-quarter--bottom">
        Gulf of Suez
    </li>

</ul>
    </li>

<li class="list__item-toggle">
        <a href="#fa265077-feb6-4795-b37a-a4452c43b881" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="fa265077-feb6-4795-b37a-a4452c43b881" aria-expanded="false">
            Economic analysis
        </a>
        <ul id="fa265077-feb6-4795-b37a-a4452c43b881" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Fiscal regime
            <ul id="cc771238-7a54-4d69-a08b-0dc5a4421765" class="push-half--left">
                    <li class="push-quarter--bottom">
        Cost recovery and excess cost recovery
    </li>
    <li class="push-quarter--bottom">
        Profit share
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Market and infrastructure
            <ul id="f33f8a05-6ff0-4d11-a2e2-90cfb05721dc" class="push-half--left">
                    <li class="push-quarter--bottom">
        Oil Infrastructure
    </li>
    <li class="push-quarter--bottom">
        Gas Infrastructure
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Liquid rich blocks will be the focus, but tough terms may be a hindrance
    </li>

</ul>
    </li>

<li class="list__item-toggle font-semibold">
        Round expectations
    </li>

<li class="list__item-toggle">
        <a href="#d105a9d6-e71e-42e9-a106-a7e2992397fe" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="d105a9d6-e71e-42e9-a106-a7e2992397fe" aria-expanded="false">
            Appendix
        </a>
        <ul id="d105a9d6-e71e-42e9-a106-a7e2992397fe" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Development assumptions
    </li>
    <li class="push-quarter--bottom">
        Fiscal terms assumptions
    </li>
    <li class="push-quarter--bottom">
        Price assumptions
    </li>
    <li class="push-quarter--bottom">
        Fiscal sensitivity – Government share
    </li>

</ul>
    </li>

</ul>

</div>
                <div class="col small-12 large-4 push--bottom">

<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Criteria for success</li><li class="list__item push-quarter--bottom">Six blocks on offer in the Western Desert</li><li class="list__item push-quarter--bottom">Five blocks on offer in the Gulf of Suez</li>
     </ul>
    <div>
        <button data-target="#672eb23820e04913baca4dd08ac47514"
                class="btn-toc js-toggle-local"
                role="button"
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            View more tables and charts in this report
        </button>
        <ul class="list list--bullets panel-toggle" id="672eb23820e04913baca4dd08ac47514">
            <li class="list__item push-quarter--bottom">Summary of offered acreage</li><li class="list__item push-quarter--bottom">EGPC bid rounds - blocks and awards</li><li class="list__item push-quarter--bottom">Timeline</li><li class="list__item push-quarter--bottom">Western Desert - data package price</li><li class="list__item push-quarter--bottom">Gulf of Suez - data package price</li><li class="list__item push-quarter--bottom">Commercial biddable parameters</li><li class="list__item push-quarter--bottom">Creaming curve</li><li class="list__item push-quarter--bottom">Discoveries and success rates</li><li class="list__item push-quarter--bottom">Effective royalty rate - 2013 terms</li>
                <li>10 more item(s)...</li>
        </ul>
        
    </div>

</div>

<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >EGPC 2016 bidround data.xls</p>
<p class="uppercase delta">
    <span>XLS</span>
    <span>666.00 KB</span>
</p>
</li><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Egypt 2016 EGPC licensing round launch</p>
<p class="uppercase delta">
    <span>PDF</span>
    <span>678.98 KB</span>
</p>
</li></ul>
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