29 March 2024
Egypt lures Big Oil players to frontier bid round despite deep E&P budget cuts
Publication date: 17 July 2020
Gas Strategies Group
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Egypt has attracted bids from the world’s five biggest oil majors in a licencing round for frontier offshore acreage in the western Mediterranean, in the midst of an oil price crash and unprecedented cut-back in upstream capital expenditure. ExxonMobil, Chevron, Shell, Total and BP were all shortlisted for ...