EGPC agreed to lease two Workover rigs from SinoTharwa, ST-7 at 1000 horse power and ST-22at 650 horse power, an official at Petroshahd told EOG earlier today.

The purpose of the rigs is to carry out maintenance required to restore production capacity for 6 wells. The main maintenance work involves the replacement of artificial lift units or production pipes.

The following wells are earmarked for maintenance work:

  1. Shahd-1
  2. Shahd Janoub Shark-1
  3. Shahd Janoub Shark-3
  4. Ghard-1
  5. Rana-1
  6. Al-Zuhra-4

The total daily rent for the two Workover rigs is around $8 thousands.

Maintenance work is anticipated to last no more than two months for the all the wells.