Egypt Rig Market Analysis

Abstract

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

Egyptian Drilling Company, Egyptian Chinese Drilling Company, BP, GUPCO, ZETCO, Apache, SOMASER, Transocean, Global SantaFe, and other operators and contractors.