DOHA, Qatar— Egypt has awarded a consortium of Eni (operator), bp and QatarEnergy a new offshore exploration block under the 2022 EGAS International Bid Round.
The exploration and production rights cover Block EGY-MED-E8 (East Port Said) in the Mediterranean Sea, covering a 2,600-sq-km area in water depths up to 800 m.
QatarEnergy now has stakes in four offshore Egyptian exploration blocks, the others being Red Sea Block 3 and Block 4, and the North Marakia Block in the Mediterranean Sea.
