Agiba to Issue New Tender for Rig

Agiba to Issue New Tender for Rig

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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