FDC obtains Mubarak-4 for $ 12.5 million

  • FDC obtains Mubarak-4 for $ 12.5 million

    FDC obtains Mubarak-4 for $ 12.5 million

    Thursday, 15th April 2010
    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.