The number of rigs targeting gas in the Middle East ticked up by only 1% in June from the previous month, to 99, as gains in Egypt, Oman and Abu Dhabi offset a decline in activity in Pakistan.
Abu Dhabi’s rig count increased to five in June. The emirate’s state oil company, Abu Dhabi National Oil Co., is looking to finance $20 billion of investment in the Hail, Ghasha, Delma, Nasr and Shuwaihat fields, which could produce a total of 34 million cubic metres per day...
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