ALAMIA and Petro-Canada Oil sign a contract



ALAMIA has signed a contract with Petro-Canada Oil for Drilling Fluids - Solids Control - Waste Management - Equipment & Services Petro-Canada Oil (North Africa) GmbH is the Operator of EPSA 1 – Area 90/91, EPSA 2 – Area 107, EPSA 3 – Area 89/105, EPSA 4 - Area 137, EPSA 5 – Area 87/88/103, EPSA 6 – Area 15 to 104 and EPSA 7 – Area 137 in Libya. Six of these EPSA’s are largely located in the Sirte Basin and one EPSA is located on the coastal strip adjoining the Tunisian border. The combined minimum commitment for the Petro-Canada Oil (North Africa) GmbH is 50 Exploration/ Appraisal wells all to be drilled within the next 3 to 5 years. Well depths are expected to be in the range of 8,000 to 14,000 ft TVD.