Middle East Economic Survey
VOL. LIII
No 16
19-April-2010
LIBYA
Transocean Rejects GazpromForce Majeure Claim On Libyan Drilling Contract
Swiss-based Transocean has rejected a notice from Russias Gazprom asserting that Libyas ongoing embargo of Switzerland will prevent it from deploying a rig for drilling in Libyan waters. The Russian firm claimed force majeure on 6 April on the grounds that the MG Hulme Jr rig would be unable to operate in Libya due to a trade embargo enforced in March. The...
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