Printer Friendly
The Free Library
23,375,127 articles and books


Awilco Offshore to drill two wells offshore Libya.

Summary: Awilco Offshore through Premium Drilling has received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jack-up drilling rig WilForce.

Awilco Offshore through Premium Drilling has received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jack-up drilling rig WilForce. The firm period of the contract is estimated to 180 days. The LOI and subsequent contract is subject to approval of Libya's National Oil Company. The estimated contract value for the firm period of the contract is USD 36.5 mill. Operation is scheduled to commence between mid-December 2008 and early March 2009 and in direct continuation of the rig's present commitment with Repsol Exploration Murzuq S.A which is also in Libya.a WilForce is equipped for high pressure/ high temperature drilling in water depths up to 375ft.

Copyright A[umlaut] UMCI News

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:UMCI News (Potomac Falls, VA)
Date:Aug 14, 2008
Words:171
Previous Article:Libya buys Shell subsidiaries in three African nations.
Next Article:Program for training and development of employment policies.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters