The Arab Republic of Egypt
Ministry of Petroleum
The General Petroleum Company (GPC)

Extension of GPC’s Bid Round date

The General Petroleum Company (GPC) announces for extension the closing date of its international Bid round No.(1)2015 Sinai (Sudr,Matarma &Asl) for Two Months till Monday 15/6/2015 noon Cairo time.

Invitation to International Bid Round for Exploration & Production Service Agreement 2015

The General Petroleum Company (GPC) invites petroleum companies in the fields of exploration and production (oil & gas) to submit offers for undertaking oil and gas exploration and production services in GPC Concession Area in South Sinai in the Arab Republic of Egypt, with the target of maximizing and stimulating the proven petroleum reserves in this Area, as well as fulfilling optimal development in the area due to be explored.

The above-mentioned Area ( as shown in the map) includes the fields of (Sudr- Matarma- Asl) with an approximate total area of 95 kmآ². The offer must be presented for the whole Area for the signature of Production and Exploration Service Agreement. The applicant bidders can purchase the Bid Round Brochure from GPC head office at 8, Dr. Mostafa Abu Zahra St., Nasr City, Cairo, Egypt, as of Thursday, 15/1/2015 to Thursday, 26/1/2015 (from 9.00 am to 3.00 pm) against 1000 USD or the equal value in Egyptian pounds in cash or by a payable check named to the General Petroleum Company.

The Brochure includes the following:

  1. Announcement
  2. Procedures
  3. Terms, conditions and guidelines
  4. Summary of available technical data of the Area fields
  5. Service exploration & production model agreement

GPC Data room will be opened to interested bidders as of Sunday, 18/1/2015 throughout Thursday, 26/2/2015 except for Friday (from 9.00 am to 2.00 pm & from 3.00 pm to 8.00 pm) against 1000 USD or the equal value in Egyptian pounds for the single period in cash or by a payable check named to the General Petroleum Company. The data packages of the Bid Round Area can be purchased from GPC according to the price list announced in the Bid Round Brochure.

Bid Round offers are to be delivered to the office of the Assistant Chairman for Exploration and External Operations in two sealed envelopes (technical & financial), addressed to CPC Chairman of the Board, attached with a letter of guarantee valid for six months at a value of 50000 USD (Only Fifty Thousand American Dollars) as a Bid Bond.

The below-mentioned documents are to be attached:

  • Financial status of for the last three years, ratified by an acknowledged financial auditing institution in Egypt
  • Current organization structure
  • Record of applied technologies
  • Record of current activities and projects
  • Letter of attorney sent with company representative for getting the Brochure and data packages

The closing date for submitting offers is 15/4/2015, at 12.00 pm- Cairo local time. For further information, please contact Assistant Chairman for Exploration & External Operations.

Tel. & Fax: (202) 24012058.

Email: assist.exploration@gpc.com.eg

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