Exploration & Production

Uptick in Egyptian drilling offset by Pakistan drop

The number of rigs targeting gas in the Middle East stood at 97 in October as greater activity in Egypt and Saudi Arabia was offset by a decline in Pakistan The number of rigs targeting gas in the Middle East stood at 97 in October as greater activity in Egypt and Saudi Arabia was offset by a decline in Pakistan.
By Verity Ratcliffe 10 November 2017 0 28327

The number of rigs targeting gas in the Middle East stood at 97 in October as an uptick in drilling activity in Egypt and Saudi Arabia was cancelled out by a month-on-month drop in Pakistan. The number of rigs targeting gas in Egypt rose from three to five in October, while Saudi Arabia’s rig count rose to 57 – its highest level since October 2016. The number of rigs targeting gas fell from 11 to 10 in Pakistan and from 12 to 11 in Kuwait.