Markets
Saipem and Egypt’s MDC seal pact to target MENA offshore drilling market
CEII brief
Offshore Energy reported on 22 Oct 2026: Saipem and Egypt’s MDC seal pact to target MENA offshore drilling market.
Read the full story on Offshore EnergySaipem and Modern Drilling Company (MDC) are joining forces to pursue strategic offshore drilling opportunities across Egypt and the MENA region.
Context from CEII
Exchange rates and the cost of capital shape every energy project, especially in emerging markets where equipment is priced in dollars.
₦1,334.42 per US dollar, reference rate todayCountries in this story
Original reporting © Offshore Energy. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
