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Agreements

EGAS is currently supervising the exploration/development/production activities in a total of thirty three (33) Agreements (PSA-type) with various International Petroleum Companies. Twenty one (21) Agreements, out of the 33, were signed by EGAS; the remaining twelve (12) Agreements were signed by EGPC (prior to the establishment of EGAS in August 2001) and transferred to EGAS’ supervision.

In the context of EGAS’ 2012 Bid Round, seven (7) blocks were awarded to a number of International Petroleum Companies. Four (4) out of the 7 Agreements, for such blocks, have been approved recently and are currently included in the effective 21 Agreements signed by EGAS. The remaining three (3) Agreements are on process and awaiting approval by the Egyptian Authorities.