Egypt’s Ministry of Petroleum and Mineral Sources (MoPMR) has launched two worldwide bid rounds providing 14 blocks for oil and pure fuel exploration throughout the nation’s upstream areas, based on a press release by Egypt Upstream Gateway (EUG).
The Egyptian Common Petroleum Company (EGPC) is providing six blocks, with bids closing at 12 p.m. Cairo time on November 11, 2026. The Egyptian Pure Fuel Holding Firm (EGAS) is providing eight blocks underneath a separate spherical closing at 12 p.m. on December 14, 2026.
The rounds purpose to draw worldwide funding and broaden exploration exercise throughout Egypt’s geological basins, based on the ministry.
Notably, the most recent choices add to Egypt’s efforts to extend upstream exercise and convey extra exploration areas to market because the nation seeks to develop its oil and fuel assets.
In March 2026, EGAS Chairman and Govt Managing Director Sayed Selim stated the corporate deliberate to launch a brand new bid spherical overlaying a number of areas within the Western Mediterranean.
Selim additionally stated EGAS deliberate to drill 17 exploratory wells in the course of the upcoming fiscal 12 months and start the primary section of a seismic survey mission within the Japanese Mediterranean throughout H2 2026.
