Egyptian General Petroleum Corp. (EGPC) has awarded two concessions in the Gulf of Suez to RWE Dea AG, which said the awards stem from International Bid Round 2013.
RWE Dea will operate and hold 100% in East Ras Fanar Offshore and 50% in Northwest El Amal, with Edison International SPA holding 50%. RWE Dea’s operated licenses in Egypt will increase to eight from six.
East Ras Fanar Offshore covers 187 sq km in the central gulf near the Ras Fanar field, and Northwest El Amal covers 365 sq km in the southern gulf between the July and Amal fields.
The work program includes seismic reprocessing, two exploratory wells in East Ras Fanar, and one in Northwest El Amal.
“Both blocks provide promising opportunities in an area where we know the geological conditions very well,” said Maximilian Fellner, general manager of RWE Dea Egypt (OGJ Online, Aug. 27, 2014).
