Total wins Egypt gas exploration licence
The licence covers natural gas in the Nile Delta
French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (EGAS) told Reuters on Monday.
"France's Total won the bid to explore in Sector 2 in the Delta region," the source said. In December, Egypt's General Petroleum Corporation (EGPC) and Natural Gas Holding Company (EGAS) announced an international auction for oil and gas exploration concessions in accordance with production sharing agreements.
The concessions are for areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta.
In addition to Total, Dana Gas , BP , Eni , Petroceltic and Edison have won concessions in the Mediterranean Sea and the Nile Delta. Germany's RWE has won two exploration blocks in the Gulf of Suez, while Tunisia's HBSI, Canada's TransGlobe and Italy's Edison secured five blocks in Egypt's western desert.