May 2008
HEADLINE
Will Russia become Egypt’s nuclear partner? page 12
Deep challenges open deep oil frontiers
page 16
Evolution of hydraulic workover units to sidetrack drilling capability page 20 Saving the U.S Economy ............ .............................................page 13 Toyota Corp., the newest member in the Egyptian energy sector........ ........................................... page 16 Statistics.............................page 24
LAST MONTH’S OIL PRICES
Issue 17
24 pages
Maridive seeks up to $278mn share sale
StatoilHydro takes on deep water challenges
By: Yomna Bassiouni
Being a “late entrant” to the Egyptian oil and gas market has not hindered Norway’s leading company StatoilHydro in joining this “promising area”, but what are the challenges it is facing? How will it solve them? What are its plans? Per Johan Bugge, StatoilHydro General Manager in Egypt, exchanges with Egypt Oil & Gas the clarifications to all the queries and reveals the company’s target in strengthening its operations in the country Continued on page 14