Main Objective:

• Develop an attractive environment for foreign investment.
• Reduce bid round cycles & improve evaluation efficiency.
• Attracting new entries through innovative approaches such as Multiclient projects
• Streamline current Bid Round processes.
• Improve the current Model Agreement.
• Expand concession agreement portfolio.
  
  

Achievements to date:

• Launched the first digital upstream portal "Egypt's Upstream Gateway" on February 2021
• Launched the first digital E&P bidround for 24 Blocks in Mediterranean , Gulf of Suez and Western desert
• Completing the first phase of Red Sea 2D Multiclient Seismic Project and awarding 3 Blocks as first Red Sea Bidround Results
• Executing the second phase of the Red Sea Multiclient with 3D Seismic acquisition for 13,000 km2
• Completing the West Med Phase-2 Multiclient Project and awarding 7 Blocks to the largest petroleum companies
• Finalizing  the second phase of the West Med Multiclient with 3D Seismic acquisition for 31,000 km2
• Acquiring the first time OBN Seismic surveys for 1000 km2 in GOS as part of Multiclient project
• Enhancing the  terms and conditions  and  fiscal regimes to be more competitive for IOC's