Middle East Economic Survey

VOL. LI

No 34

25-Aug-2008

REGIONAL

Two Jack-Up Rigs Ordered For Drilling Offshore Libya and Egypt

Two jack-up rigs have been ordered for drilling operations offshore Egypt and Libya, for contracts with an estimated value of $165,000/day and $200,000/day. Norways Awilco Offshore said on 11 August that it had received a letter of intent, through the Houston-based drilling contractor Premium Drilling, for a drilling program of two wells plus one optional well offshore Libya...