"The extraction rate is 95 percent, which is one of the highest rates, and with total investments over the next ten years, more than $1 billion,” Petroleum Minister noted.
Investors will be bidding on blocks which will be awarded to them within four months of the bid round being launched, the official said.
The Petroleum Ministry-affiliated General Petroleum Company (GPC) plans to drill five discovery wells and 13 development wells in 2018/19.
Camel races in Egypt’s Eastern Desert are definitely worth a visit.
Shalatin dam with a capacity of seven million m³ to be built, which will make it the largest in the Eastern desert.
The bid areas are Wadi Dara and West Ghareb at 50 km and 20 km of space respectively.
Walking is an innate human ability. The tradition of walking nature trails is as old as the human race itself.