That is the view taken by Gulf News, which said that the country is seeing the biggest wave of independents flocking to it in the Middle East. “Egypt is a well-known petroleum province, with a robust local oilfield services market, and strong infrastructure to capture all new production,” the newspaper says. The country has enabled many companies to come in during this current window and acquire resources. This has largely been due to some challenges around receivables from state oil and gas companies, issues which are being rectified.
Gulf News lists Rockhopper Exploration, SDX Energy and Warburg Pincus’ Apex International Energy as but a few that have made acquisitions in the past several months and actively investing significant capital “into a country where they aim to establish a large resource base.”