On 12 February 2019, Neptune Energy was awarded the Northwest El Amal exploration block (Block 4), Gulf of Suez as a part of the Egyptian General Petroleum Corporation (EGPC) 2018 bid round closed on 1 October 2018. The company is committed to invest USD 34.5 million including the drilling of three wells. The signature bonus is USD 11 million.
Neptune Energy was awarded the Northwest El Amal exploration block (Block 4), Gulf of Suez as a part of the Egyptian General Petroleum Corporation (EGPC) 2018 bid round 