Middle East Economic Survey

VOL. XLIX

No 3

16-January-2006

ALGERIA

Statoil Contracts Drilling Rigs For Hassi Mouina Block

Norways Statoil on 10 January announced that it had awarded two contracts worth $32mn for drilling rigs to Nabors Drilling and Enafors. The two land rigs, the first contracted by Statoil, will be used for drilling in the Hassi Mouina concession in west-central Algeria. Statoil said the Nabors Drilling Rig 284 would start work during the second or third quarter of 2006 and that...