Abstract
Executive Summary:
This report is an analysis of the rig market in Egypt. It begins by generally
outlining the market and its activities. A classification of the rigs in the
market then ensues, whereby contractors and operators are discussed in detail
and examined in terms of their explorative and productive pursuits. This leads
to the daily rig rates and the problems of the Egyptian pricing strategy. With
the aide of surveys and numerical categorization from within the industry, an
assessment of the market develops in order to review the recent rig agreement
with China and to ascertain its role in the market. The report concludes with
the future expectations of the market based on the aspirations of its major
players and the performance of their companies
Companies Mentioned:
Egyptian Drilling Company, Egyptian Chinese Drilling Company, BP, GUPCO,
ZETCO, Apache, SOMASER, Transocean, Global SantaFe, and other operators and
contractors.
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