Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile Delta during the second half of fiscal year 2015-16, Khaled Abdel Badie, head of state-owned EGAS said in a statement on Sunday. Egypt will also sign three new contracts for Mediterranean Sea development worth a total of USD500 million, Badie said in the statement. A total of roughly 760 million cubic feet per day of new gas production will come online in FY 2015-16 due to new projects and development wells, the statement added. (Reuters)