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Rig ANCO-01

During the period from Jan 2023 to Aug 2024, Rig ANCO-01 is operated at Majed & Nafora oil fields, the total operating hours counted to be ( 6799.5 hrs ), 4310.5 hrs operation time that makes 63.4% of the total period, whereas 4.7% of the rig time was for moving from location to another, this rig serviced ONLY( 8 wells ) in both Majed and Nafora fields with no significant down time, since it presented only 5.4% of the total operating time,76.5 hrs rig repair time, this figure can be considered as an excellent record, the rig overall efficiency was calculated is 95%.

Rig ANCO-01

During the period from Jan 2023 to Aug 2024, Rig ANCO-01 is operated at Majed & Nafora oil fields, the total operating hours counted to be ( 6799.5 hrs ), 4310.5 hrs operation time that makes 63.4% of the total period, whereas 4.7% of the rig time was for moving from location to another, this rig serviced ONLY( 8 wells ) in both Majed and Nafora fields with no significant down time, since it presented only 5.4% of the total operating time,76.5 hrs rig repair time, this figure can be considered as an excellent record, the rig overall efficiency was calculated is 95%.