German energy company RWE Dea said it won the rights to explore two areas off the coast of Egypt it says will provide "promising opportunities."

The German company said it secured the rights to two offshore areas in an award from the Egyptian General Petroleum Corp.

"Both blocks provide promising opportunities in an area, where we know the geological conditions very well," Regional Manager Maximilian Fellner said in a statement Wednesday.

The German company will hold the entire stake in the offshore East Ras Fanar concession and split the rights to the Northwest El Amal block with U.S. energy company Edison International.

Both blocks are situated near existing oil fields, including the lucrative Morgan field and "the latest significant oil find in the Gulf of Suez -- the Saqqara field," the German company said.

The company provided no reserve estimate of the new concessions, but said it was planning surveys and exploration work to determine the potential.

The German company announced a major natural gas discovery offshore Egypt in March.