On 12 February 2019, IEOC (Eni) was awarded the South East Siwa exploration block (Block 11), Northern Egypt Basin/Qattara Ridge 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 17 million including the drilling of four wells. The signature bonus is USD 1.15 million.  Background information    The South East Siwa block is part of the former Badr El Din exploration block (operated by Shell) and relinquishment in June 1990 and West Ghazalat exploration block relinquished by Apache.  The wells drilled in the block are Ghazalat West D-1 abandoned in July 2013 by Apache at TD of 4,648 m. Targeting Cretaceous, Jurassic and Paleozoic, Ras Qattara West 1 abandoned in July 1989 by Conoco at 4,690 m and Sobek 1, Sobek 2 targeting Cretaceous and Jurassic and Ghazalat 1 P&A, dry in 1959 by Sahara Petroleum Co at 2,941 m in the Cambrian.
IEOC (Eni) was awarded the South East Siwa exploration block (Block 11), Northern Egypt Basin/Qattara Ridge as a part of the Egyptian General Petroleum Corporation (EGPC) 2018 bid round 