Egypt says awards oil, gas prospection contracts

Kore Mining

16/04/2013 09:23

CAIRO, April 16 (Reuters) - Egypt said on Tuesday it awarded contracts for a minimum investment of $1.2 billion in eight oil and gas prospection projects in the Mediterranean Sea off its northern coast.

A statement from the ministry of petroleum said the awards were the result of an international tender which received 13 offers from domestic and foreign companies.

The firms, including BP  BP.L , Petroceltic International

PCI.I , Edison  EDNn.MI , Sea Dragon  SDX.V , Dana Gas

DANA.AD  and Pura Vida Energy  PVD.AX , would pay $73.2 million for the licences.

(Reporting by Yasmine Saleh; Writing by Paul Taylor)

((paul.taylor@thomsonreuters.com; +331 49495187; Reuters Messaging: paul.taylor.thomsonreuters.com@reuters.net))

Keywords: EGYPT OIL/