LONDON-- Oil group Petroceltic International PLC (EG5A.DB) said its joint venture with Edison International Spawas the successful bidder for the North Port Fouad Block in Egypt.

"It is expected that the new license will be formally awarded in early 2015 following ratification and finalisation of the Production Sharing Contract," the company said Friday.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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