The Egyptian Natural Gas Holding Company (EGAS) waits for two new jack-up rigs that will operate in the company’s concession in the Mediterranean Sea.

The total cost of each rig is approximately $250 thousands. The Kaher-1 and Kaher-2 are characterized by their advanced technologies that match the international quality standards, needed to work in the difficult geological formations of the Mediterranean concession.

The two rigs are equipped with anti-explosion tools, with a high capacity of 15k-BOP. Besides, they can resist this area’s high pressure and temperature, known as HP-HT.

EGAS is expected to receive the first rig Kaher-1 in March, while the second Kaher-2 will arrive by next June.  The company set a complete long-term operation program for both rigs, through a specialized committee responsible for negotiating the operating scheme between the EGPC, EGAS and GANOPE.

The first rig is planned to operate in the PETROBEL fields of Temsah Concession, in addition to drilling some wells for BG. Moreover, negotiations were held with PERENCO to operate the Kaher-2 in the fields of North Sinai Petroleum Co (NOSPCO). A one-year contract is to be signed soon, through which six wells will be drilled.

It is worth mentioning that EGAS signed an agreement with the Egyptian Drilling Company (EDC) to market the two rigs afterwards in return for an operating share.