*Egypt’s rig count hit an eight-year high 125 for May, latest Petroleum Ministry data indicate (see chart). This comes as key Western Desert producers Apache and the JV of the UK’s Capricorn and Egypt’s Cheiron ramp up activity (MEES, 12 May).
Egypt Rig Count At 8-Year High As Western Desert Activity Ramps Up
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Egypt Rig Count Hits 8-Year High 125 For May
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