Exploration & Production

Middle East rig count ends 2017 on a high

The number of rigs targeting gas in the Middle East stood at 92 in December 2017, up by 4.5% from the previous month The number of rigs targeting gas in the Middle East stood at 92 in December 2017, up by 4.5% from the previous month.
By Verity Ratcliffe 12 January 2018 0 29069
Operational rigs in Middle East, East Med and Pakistan targeting gas in December 2017.

The number of rigs targeting gas in the Middle East stood at 92 in December 2017, up by 4.5% from the previous month and 1.1% higher than in December 2016. The number of rigs targeting gas in Egypt rose to six from four and is expected to rise again in 2018. Egyptian Natural Gas Holding Co. is preparing the ground for a new ‘gas only’ licensing round, with the aim of tapping into the renewed IOC interest prompted by Eni’s giant Zohr field discovery. The...