Italy’s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa (aka Thekah), local news reported.
A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame.
Edison signed a USD 86 mn agreement with EGAS in January 2017 for E&P operations.
Oil Minister Tarek El Molla said in July the Italian company would begin drilling exploratory wells at the concessions in 2H2019.
