Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4 ("Block 4"), with an area estimated at 3084 km2, owned by the South Valley Egyptian Petroleum Holding Company (Ganope). The block was awarded by the Government of Egypt in the 2019 Red Sea Licencing Round. Following the signing, Mubadala Petroleum will hold 27 percent participating interest in Block 4, which is operated by Shell with a 63 percen…