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Egypt 2021 licensing rounds: give old blocks another chance

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18 March 2021

Egypt 2021 licensing rounds: give old blocks another chance

Report summary

On 1 March 2021, Egypt launched two licensing rounds covering 24 blocks in the Mediterranean, Western Desert and Gulf of Suez. Many of them were already on offer during previous rounds but did not find bidders. The EGPC round could appeal to onshore oil specialists, while the EGAS round focuses on deepwater gas and seems designed for the Majors. The NOCs hope to reload the exploration pipeline as a first step to support Egypt’s long-term hydrocarbon production.

Table of contents

    • What are the blocks on offer?
    • EGAS round
    • EGPC round
    • What are the fiscal terms?
    • EGPC round
    • How do the economics stack up?
    • EGAS round
    • EGPC round
    • Conclusion

Tables and charts

This report includes 9 images and tables including:

  • Blocks on offer during the 2021 EGAS and EGPC bid rounds
  • Egypt’s exploration in the Mediterranean
  • Discovered resources in the Gulf of Suez by formation
  • EGAS 2021 licensing round commercial terms
  • EGPC 2021 licensing round commercial terms
  • 2-tcf gas field
  • 500-bcf gas field
  • 20-mmbbls oil field
  • 5-mmbbls oil field

What's included

This report contains:

  • Document

    Fiscal Terms And Development Assumptions

    XLSX 139.55 KB

  • Document

    Egypt 2021 licensing rounds: give old blocks another chance

    PDF 1.35 MB