Greenfields Petroleum Corporation reports that the two modern Western-style workover rigs arrived in Poti, Georgia on April 6, 2012, and the shipment has now arrived at a staging area at Fisherman's Wharf in Baku. Greenfields participates in the Bahar Exploration, Rehabilitation, Development and Production Sharing Agreement (ERDPSA) through its 33.33%-owned joint venture, Bahar Energy Limited, and its operating subsidiary, Bahar Energy Operating Company Limited.
The rigs are designed for the operational requirements of the Gum Deniz and Bahar fields and are on three-year contract. They are now undergoing a commissioning process, and will then be mobilized and installed on offshore platforms using a heavy-lift crane barge. The rigs will initially operate from Platform 2 in the Gum Deniz oil field and Platform 196 in the Bahar gas field. To accommodate the rigs, significant modifications were made to the platforms. Except for pile caps, this work has been completed. Pile caps will be installed ahead of rig mobilization. Drilling and recompletion operations are expected to start in June.