Egypt says awards oil, gas prospection contracts (updated)

Kore Mining

16/04/2013 10:41

(Adds details, background)

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. It said the winning companies will pay $73.2 million for the licences.

The firms include BP  BP.L , Petroceltic International

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

DANA.AD , IEOC, a subsidiary of Italian oil major ENI  ENI.MI   and Pura Vida Energy 
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