Unrelated oil and gas operations in the Red Sea offshore Egypt
By Reuters
CAIRO— Egypt has assigned Exxon Mobil oil and gas exploration rights to two offshore blocks in the outer Nile Delta, according to a company statement on Tuesday.
The company's Egyptian subsidiary will operate both blocks and hold 100% interest, with exploration activities expected to start this year.
The awards for the blocks, which cover 11,000 sq km, are still subject to further government approvals.
