Agiba to Issue New Tender for Rig

Wednesday, 16th September 2015

Egypt Oil & Gas (EOG) learned that Agiba Petroleum Company will issue a tender to lease a new rig to execute its plan for the current fiscal year in the Eastern Desert. The company will drill a number of crude oil development wells with investments worth $1.3m, drilled at depths approaching 4,000ft, scheduled for November, expecting to extract 6.2 thousand b/d of crude.

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Commodity CMDTY	Units	Price	Change
Crude Oil (WTI) WTI	USD/bbl	83.42	+1.39%
Crude Oil (Brent) Brent	USD/bbl	85.71	+1.00%
NYMEX Natural Gas	USD/MMBtu	5.11	-5.51%
OPEC Basket Price	USD/bbl	82.50	+0.87%

Commodity CMDTY

Units

Price

Change

Crude Oil (WTI) WTI

USD/bbl

83.42

+1.39%

Crude Oil (Brent) Brent

USD/bbl

85.71

+1.00%

NYMEX Natural Gas

USD/MMBtu

5.11

-5.51%

OPEC Basket Price

USD/bbl

82.50

+0.87%