On 21 January 2020, industry sources reported that Chevron is due to be awarded two offshore blocks in the West Egyptian Mediterranean Sea (Herodotus Basin). The US supermajor has apparently been in discussions with Cairo about taking the acreages since the beginning of 2019.  This award ensues Egyptâs Minister of Petroleum and Mineral Resources, Tarek El Molla, decision to cancel plans to launch a bid round for eight to twelve offshore blocks in the area and follows ExxonMobil's award of the North Marakia Offshore acreage in December 2019 (separate articles).  No further information has been disclosed to date concerning the location and the area of the two awarded blocks.
industry sources reported that Chevron is due to be awarded two offshore blocks in the West Egyptian Mediterranean Sea (Herodotus Basin). The US supermajor has apparently been in discussions with Cairo about taking the acreages since the beginning of 2019.