Egypt's Red Sea bid round attracts supermajors

Big hitters Chevron and Shell make Red Sea entry but less than a third of acreage on offer is awarded

Exploring the Red Sea: Shell and Chevron have picked up acreage in Egypt's latest offshore offering
Exploring the Red Sea: Shell and Chevron have picked up acreage in Egypt's latest offshore offeringPhoto: AFP/SCANPIX
Published 30 December 2019, 07:54Updated 30 December 2019, 10:05