Middle East Economic Survey
VOL. XLVIII
No 15
11-April-2005
EGYPT
IEOC Awards Offshore Drilling Contract To Saipem
Enis Egyptian subsidiary International Egyptian Oil Company (IEOC) has awarded a contract to Saipem, another member of the Eni Group, to drill four wells offshore Egypt. The contract involves chartering the semi-submersible drilling rig Scarabeo 4 for as many as eight months. Drilling is to begin in June 2005 and IEOC has an option to extend the contract for a further two wells.
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