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.