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Punj Lloyd receives LoI from Waha Oil Co, Libya

Monday, 22 Sep 2008
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Punj Lloyd Upstream, a subsidiary of Punj Lloyd has received a LoI from Waha Oil Co, Libya, a JV between National Oil Co and Conoco Phillips, Amerada Hess, and Marathon Corporation of the United States.

The proposed contract worth $42 million (approx Rs.168 crore) is for drilling exploratory wells in the Gialo oilfield of the prolific Sirte Basin.

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