Date:23/09/2008 URL: http://www.thehindu.com/2008/09/23/stories/2008092351001500.htm

Business - Briefly

Punj Lloyd arm gets Libyan contract

NEW DELHI: Punj Lloyd Upstream, a subsidiary of Punj Lloyd, had received a letter of intent (LoI) for a contract worth $42 million in Libya for deploying two onshore rigs. The contract requires drilling exploratory wells in the Gialo oilfield of the prolific Sirte Basin for Waha Oil Company. — Special Correspondent