The Kobe Chouest platform supply vessel sits anchored next to the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico in the aerial photograph taken off the coast of Louisiana, U.S., on Friday, May 18, 2018. While U.S. shale production has been dominating markets, a quiet revolution has been taking place offshore. The combination of new technology and smarter design will end much of the overspending that's made large troves of subsea oil barely profitable to produce, industry executives say. Photographer: Luke Sharrett/Bloomberg
CAIRO, Sept 25 (MENA) – Minister of Petroleum and Mineral Resources Tarek al-Molla announced Monday the ministry launched a new international bid round for gas and oil exploration in 23 new areas.
In a statement, he said the bid includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez, and four areas in the Red Sea, it added. (MENA)
