Abd El Alim Taha, chief executive of the Egyptian General Petroleum Corporation (EGPC), said that EGPC will announce the results for its latest oil and gas bid round within the coming two months.

"We are studying the bids, the results will be out in one or two months," said Abd El Alim.

Earlier in July, EGPC offered eight concessions and Ganoub El Wadi Petroleum Holding Company (Ganope) offered another three.

The bids deadline for the 11 blocks was the first of November last year.

The state-owned Egyptian Natural Gas Holding Company (EGAS) previously awarded blocks to BG, Shell, BP, Petronas, Enel and Total in the last bid round in September 2008.