The Fields Development Company (FDC) bought Mubarak-4 rig from the Egyptian-Chinese Company for Manufacturing Onshore Oil Rigs. Mubarak-4 was sold for $12.5 million, and said EOG learnt that it will be used in drilling Badr El Din Petroleum Company’s wells (BAPETCO), which is a joint venture company between Egyptian General Petroleum Corporation (EGPC) and Shell.

Moreover, EOG also learnt that FDC is negotiating to buy Mubarak-5 rig after placing Mubarak-4 in the process of drilling, in an attempt from the firm to expand its activities that launched from nearly year and half.

It’s worth mentioning that Egyptian-Chinese company has already sold Mubarak-1, 2 and 3 to Sino-Tharwa Drilling Company.