An official with Badr El Din Petroleum (BAPETCo) stated to Egypt Oil&Gas that the company has rented the services of two new 1,500-horespower rigs. This brings the total number of rigs employed by BAPETCo to four, in an attempt to execute the company’s extensive drilling strategy.
The rigs, originally owned by the Egyptian Drilling Company, cost BAPETCo $20,000 daily. The EDC-51 rig was deployed in the beginning of December 2016. It will be used to drill J-14/4 well. EDC-42 rig will also be used to drill SITRA-44 and it will start running in January 2017. The remaining rigs, EDC-52 and EDC-72, are used in the Yas-1 exploratory well and SITRA8-42 development well, respectively.
