Ganoub El-Wadi Petroleum Holding Co (GANOPE) will launch its Red Sea bidround during Q1 2019. Â The original date of late 2018 announced on 25 October 2018 by Egypt Oil Minister has been moved to allow companies to access to the seismic data recently acquired.  GANOPE invited companies in December 2017 to take part of its next bidround of the Red Sea area. The future round will include equal size blocks in three zones (A, B and C). The qualified companies will use the available data to nominate their area of interest and discuss the terms with the government during the period between December 2017 and June 2018. The blocks were expected to be defined and announced in Q3 2018 and the closing date will be announced in Q1 2019.   Ganope intends to prepare blocks for the next five years (one bidding round per year).  Contact:  Ganope Vice Chairman for Agreements and Exploration  Tel: +202 26910185   Fax: +202 26910184  E-mail: t.elzefzaf@ganope.net  Background information  Ganoub El-Wadi Petroleum Holding Co (GANOPE) announced in mid-2017 its plan to launch a bid round that will include Red Sea and Upper Egypt areas.  The company has awarded a USD720 million contract for the acquisition of non-exclusive multi-client geophysical surveys to WesternGeco-Schlumberger and TGS. The surveys will be run in the Ganopeâs open areas in offshore Red Sea (Area A) and onshore Upper Egypt (Area B).
Ganoub El-Wadi Petroleum Holding Co (GANOPE) will launch its Red Sea bidround during Q1 2019.  The original date of late 2018 announced on 25 October 2018 by Egypt Oil Minister has been moved to allow companies to access to the seismic data recently acquired. 