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Egypt Oil & Gas Drilling Report 2011
Egypt Oil and Gas, April 2011, Pages: 200
The Egypt Drilling Report 2011 provides an in-depth analysis of the drilling market from various perspectives. This year's report responds to many ambiguities that dominates the drilling market at large and affected the domestic market.
A five-year analysis is provided during the from 2005 to 2010, to evaluate the industry operations flow before the eruption of the global economic recession, throughout the recession and during the recovery stage.
Report includes:
- A five-year analysis on industry operations
- Drilling activities from 2005 to 2010
- Well data section including discoveries, developments and explorations
- Special in-depth major operator analysis
- Drilling activities vs. rates of production.
Drilling Operations Wells Data in-depth (2008-2010)
This section aims at analysing the count of wells drilled during the fiscal years of 2008-2009 and 2009-2010.
These in-depth comparisons are divided into four main divisions: discovery, offshore development, on-shore development and exploration wells. Each division provides various points of comparison, such as well classification, well status, operators' wells and also basins where wells lie.
The following graphs reflect the wheel of drilling operations, pre-global economic recession (2008), during recession (2009) and post-recession when a recovery phase is taking place (2010).
1. Discovery Wells
Throughout the period from 2008 to 2010 (Q2), the total number of discovery wells totalled 87 wells, out of which 41 wells were drilled in 2008. This number dropped to 25 discovery wells in 2009, while in 2010, till the second quarter, the number of discovery wells counted for 21 wells, which reflect possible increase of discovery wells by the end of the year. In 2008, there were six offshore wells and 36 onshore wells.
As the number of total discovery wells dropped in 2009, the number of onshore wells decreased to 24 wells and one sole offshore discovery wells. Until the third quarter of 2010, all discovery wells were onshore ones.
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