Middle East Economic Survey

VOL. LI

No 39

29-Sept-2008

LIBYA

Waha Asks Punj Lloyd To Drill Gialo Wells, As Exploration In Sirte Basin Intensifies

Drilling activity is gathering pace in Libya, following four successful exploration bid rounds and the return of the larger US firms to the OPEC countrys upstream since it emerged from economic and political isolation. Punj Lloyd announced on 22 September that it had received a letter of intent for a contract worth $42mn to deploy two onshore drilling...