Unlocking the Mediterranean: Egypt’s Latest Licensing Round
Egypt is doubling down on its energy ambitions with a sweeping new licensing round that’s set to ignite interest from global oil and gas giants. The Ministry of Petroleum and Mineral Resources has unveiled a fresh wave of opportunities, offering seven undeveloped fields in the Mediterranean Sea, three offshore exploration zones in the Gulf of Suez, and three onshore blocks in the Western Desert. This strategic move is part of Egypt’s broader plan to ramp up hydrocarbon production and solidify its position as a key player in the global energy market.
The bidding window opens on March 2, 2025, and runs through May 4, 2025, with all opportunities accessible via the Egypt Upstream Gateway (EUG) platform. This digital-first approach underscores Egypt’s commitment to modernizing its energy sector and attracting international investment.
A Blueprint for Growth: Egypt’s 2030 Vision
This licensing round is more than just a one-off opportunity—it’s a cornerstone of Egypt’s long-term energy strategy. Announced in July 2024, the plan aims to drill a staggering 586 oil and gas wells by 2030, boosting production and ensuring energy sustainability. The Mediterranean, in particular, has emerged as a hotspot for exploration, with BP recently bringing the second phase of its Raven field online in the West Nile Delta.
The previous round, which closed in February 2025, saw ten offshore blocks and two onshore blocks snapped up in the Mediterranean and Nile Delta regions. This new round builds on that momentum, offering even more untapped potential for investors.
Why This Round Matters
For energy companies, Egypt’s latest licensing round represents a rare chance to tap into one of the world’s most promising hydrocarbon frontiers. The Mediterranean’s deepwater reserves and the Western Desert’s onshore potential offer a diverse portfolio of opportunities. With the EUG platform streamlining the bidding process, the barriers to entry are lower than ever.
Egypt’s energy sector is on the rise, and this licensing round is a golden ticket for companies looking to secure a foothold in a rapidly evolving market.
