Sneferu Completes Tow from the Gulf of Suez to the Med. Sea

After a 40 day dry tow that took them around the whole African continent, Egyptian Drilling's jackup Sneferu was successfully floated off the Dockwise Heavy lifter "Teal", offshore Port Said, at on January 21, 2005.

While on the tow an upgrade project was carried out with the overhaul of the two existing mud pumps and the addition of a third Oilwell A-1700 PT mud pump to the rigs existing system. Additionally the rigs SCR system was also upgraded to incorporate the new pump with the addition of a fifth SCR bay. A riding crew consisting of the Rig's Senior Electrician, Rig Engineer, a welding team from Lamprell and two NOI engineers were on the rig for the duration of the tow and carried out the upgrade project.

The Sneferu will now commence a three year contract for Belayim Petroleum Company (PETROBEL) in their offshore Mediterranean concessions.