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Friday, February 27, 2026 8:15 GMT
The Egyptian General Petroleum Corporation (EGPC) concluded a two-day forum to discuss the strategy for transitioning to Performance-Based Contracting (PBC) Models in well drilling deals. PBC is a procurement model based on linking payment directly to measurable outcomes and predefined service levels, rather than the traditional way, where companies were simply paid for the hours worked and the materials used. This shift is part of the roadmap to achieve the ambitious goals of the state’s...More