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.
Table of Contents
I.The Egyptian Rig Market at Large
- 1.The Egyptian Rig Market
- 2.Rig Count Classification
- 3.Rigs Per Area
- 4.Rigs Per Contractor
- 5.Rigs Per Operator
II.Main Players in the Market
- 1.Offshore Contractors
- 2.Land Contractors
- 3.Offshore Operators
- 4.Land Operators
III.Rig Rates and the Egyptian Pricing Strategy
- 1.Average Rig Rates According to Horse Power
- 2.Average Daily Rig Rates In Relation to Area
- 3.Average Daily Rig Rates In Relation to Contractor
- 4.Average Operator Expenditures
IV.Recent Agreements in the Market
V.The Tendering Process
VI.A Survey Based Analysis of the Egyptian Rig Market
- 1.Operator Survey
- 2.Contractor Survey
VII.Concluding Remarks: Future Expectation of the Egyptian Rig Market
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