News and Events:

The company’s main drilling and work over activities have been running successfully in Libya for a very long time, however, due to the revolution events in year 2011 and its consequences, the activities were heavily affected and non consistent.

Accordingly, the company is thoroughly studying moving a portion of its business back to Egypt; thus evaluating all the risk factors associated with moving the rigs and related equipment from Libya in the current time along with studying the possibility of contracting the returned rigs with multinational operators in Egypt or other countries in the Middle East.

 

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