The tender marks XOM's entry into gas exploration in Egypt, while Shell is awarded the most concessions - three for oil and two for gas.
Egypt expects investments of at least $750M-$800M in the first stage of exploration in the 12 concessions, Petroleum Minister Tarek El Molla says.
Earlier: Egypt seeks more oil and gas investors, positioning it as regional hub (Feb. 11)
Now read: Eni: Strong And Reliable Oil Major »
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