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Due to Bid Round 2008 EGAS succeeded to award four new concessions:-

  • North Tina Offshore concession with bp Exploration (Delta) Ltd. Issued by Law No. 150 of 2009.
  • North Gamasa Offshore concession with BG International Ltd. Issued by Law No. 151 of 2009, North Damietta Offshore concession with bp Exploration (Delta) Ltd, Petronas Cargaly Overseas SDN. BHD. and Shell Egypt N.V. Issued by Law No. 153 of 2009.
  • East El Brullus Offshore concession with TOTAL E&P Egypt and Enel Trade SPA. Issued by Law No. 154 of 2009.

Total financial commitment for the four blocks awarded, 926 Million US$ to acquire 3D seismic covering 5050 Km2 and to drill 13 exploratory wells. Total signature bonus 88 Million US$.