Insight
Egypt's 2018 EGAS licensing round: bidding to find the next Zohr
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 22 May, the Egyptian Natural Gas Holding Company (EGAS) launched a licencing round for acreage in the onshore Nile Delta, offshore Nile Delta and Mediterranean. Sixteen licences are on offer three onshore and 13 offshore. Licences have been offered as production sharing contracts. There are 12 biddable parameters within the contracts but government take will be dictated by three: cost recovery, excess cost recovery and production allocation. Minimum limits have been set for production sharing and excess cost recovery which will ensure a government take of at least 80%. We expect interest in the round will be high especially from large companies chasing the Cretaceous Carbonate play in the Eastern Mediterranean.
Table of contents
- Executive Summary
- What's on offer?
- Data available
- Fiscal terms
-
Prospectivity- High risk, high reward
- Offshore
- Onshore
-
Monetisation
- Offshore
- Onshore
- Likely bidders
- What would constitute a success?
- Appendix
Tables and charts
This report includes the following images and tables:
- Blocks on offer
- Map of blocks on offer
- Bid round parameters
- Government share - fiscal sensitivities
- Available data
- Map of prospective resource potential
What's included
This report contains:
