On 24 March 2020, GHP Exploration announced that the company is farming out a 50% working interest in its West Gebel El Zeit block, Gulf of Suez Basin.  According to GHP Exploration, multiple prospects have been identified within the block with significant resource potential.  The block consists of an onshore as well as an offshore area extending into the northern boundary of the giant Zeit bay field. Total acreage is 214 sq km. It includes the C9 A 1 discovery found in 1984 and about 22 exploration dry (or oil show) wells drilled between 1974 and 2009.  GHP Exploration was awarded the West Gebel El Zeit block in July 2018 by South Valley Egyptian Petroleum Holding Company (Ganope). The company was committed to spend a minimum of USD 6 million for the drilling of six wells.
GHP Exploration (Egypt) Ltd farming out its West Gebel El Zeit block, Gulf of Suez Basin