Belayim Petroleum Company (Petrobel) awarded a contract for one of Shelf Drilling’s jack-up rigs to operate in the Gulf of Suez, Offshore Energy Magazine reported.

The one year contract of the Trident 16 jack-up drilling rig is planned to start operating in Q1 2019.

The contract contains agreeable terms for both firms.

The Modec 300 C-38 Trident 16 jack-up rig has been built in 1982 and was last upgraded in 2012.

Shelf Drilling Offshore Company is the world’s largest contractor of jack-up rigs. The company is headquartered in Dubai and has rig operations across core operating regions – Southeast Asia, India, West Africa, Middle East, North Africa and the Mediterranean.