Egypt: BP, Eni, Edison extend positions in offshore

Egyptian Natural Gas Holding Company (Egas) has awarded four out of the 12 blocks in its most recent licensing round, with BP taking the largest share and Eni, Edison and Total also participating. The results of the round suggest that a trio of key players in the Egyptian offshore are building up large portfolios of acreage in strategic locations. The new licences are located between the coast and the large deep offshore blocks previously awarded to BP, Eni and Edison, including Eni’s Shorouk, where it made its large Zohr discovery in September.