Overview
Egypt Oil & Gas’ Drilling Report 20011 provides an in-depth analysis of the drilling market from various perspectives. This year’s report responds to many ambiguities that dominated the Rig market at large and affected the domestic market. A five-year analysis is provided, during the period from 2005 to 2010, to evaluate the industry operations flow before the eruption of the global economic recession, throughout the recession and during the recovery stage.
The EOG Drilling Report 2011 differs from any other report by the amount of data and studies provided, which are solely focusing on the Egyptian market. A complete comprehensive overview of the drilling operations held from 2005 to 2010, in terms of total wells drilled (per type, per area, per classification), drilling costs and investments in addition to analysis of drilling operators’ activities (drilling activity per company, total wells drilled per company and drilling operators per area). Besides, a special well data section will be added to the report that would help clarifying the ups and downs of the drilling operations during the global economic recession by making an in-depth analysis and comparison between the fiscal year of 2008-2009 and 2009-2010. The points of comparison will include: discovery wells, offshore development wells, onshore development wells, synopsis wells and exploration wells.
Moreover, in addition to the general overview of operators activities throughout the past five years, another section to be added to study the top operators of the market, which are (in alphabetical order) Apache, BG, BP, IEOC and Shell. For each operator, we will shed light on all concessions of each company, give data analysis of wells drilled, production rates, list of discoveries, costs of operations, investments and a five-year production forecast.
The EOG Drilling Report’s second section sheds light on the domestic rig market, through a five-year analysis, from 2005 to 2010. Therefore, various analyses are included to show the market’s rig count per classification (per type, per area, per operator, per contractor) and the average rig rates (per area, per HP, per contractor). Over and above, it contains the main players in the market, whether offshore or onshore. Besides, there will be a special investigation of the rig market during the fiscal year of 2009-2010, which will tackle a summary of rig count reflecting the market status.
Additionally, the EOG Drilling Report 2011 examines the compatibility between the volume of drilling operations and the rates of production. Hence, the production section provides data about the country’s production rates (per area, per year, per operator) in the period from 2005 to 2010.
Nevertheless, forecast of the rig market and production rates over the coming five years are presented in this report as well. This section will as well include the estimations of the country’s reserves and investment spending. |
