Egypt readies bid awards

EGYPTS'S STATE-OWNED Egyptian General Petroleum Corporation (EGPC) will announce the results for its latest oil and gas bid round in one or two months, according to the company's chief executive, Abdel Alim Taha, said today.
"We are studying the bids, the results will be out in one or two months," he said.
EGPC announced in July it was offering eight exploration blocks, while Ganoub El Wadi Petroleum Holding Company (Ganope) said it was offering three blocks.
The deadline for bids for the 11 blocks was 1 November last year
In the last bid round launched by Egypt in September 2008, state-owned Egyptian Natural Gas Holding Company (EGAS) awarded blocks to BG, Shell, BP, Petronas, Enel and Total.

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