As part of its strategy to attract new investments in the upstream sector and enhance sustainability in the oil and gas industry, the Ministry of Petroleum and Mineral Resources has announced new investment opportunities for seven undeveloped fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert. These opportunities will be available through the Egypt Upstream Gateway (EUG) as part of the Ministry's ongoing efforts to increase crude oil and gas production.

The bid rounds will be open for two months, with a closing date set for May 4, 2025.

The new licensing round offers a diverse range of exploration blocks across Egypt’s petroleum-rich regions, and are part of the country’s strategy to maximize the potential of its oil and gas reserves, which have made Egypt a strategic energy producer in Africa. The bid is open to both local and international energy companies, with a focus on promoting competition and driving investment to support the country’s energy security goals.

Egypt’s National Petroleum Company and the Egyptian Natural Gas Holding Company (EGAS) are at the forefront of this initiative, overseeing the bidding process and seeking to attract global energy players.

Available Blocks

34 Exploration Blocks
Mediterranean Sea, Nile Delta, Gulf of Suez, Western and Eastern Deserts and Red Sea

7 Undeveloped Discoveries
Mediterranean

11 Brownfields
Gulf of Suez, Western Desert and Nile Delta

The Egypt Upstream Gateway (EUG) provides investors with access to comprehensive information on available investment opportunities. For more details, visit the official website.

KeyFacts Energy: Licensing news