Petrolia Wins Pemex Work

Petrolia Drilling ASA has been notified by Pemex that in relation to the Public International Bid Tender T&C No 18575088-040-06 implemented by PEMEX, Larsen Oil & Gas Limited of Aberdeen Scotland as drilling contractor and manager for SS Petrolia has been awarded a 913-day contract with a value of US $269,090,000 for the use of SS Petrolia.

The contract shall start around October 2007. The award is subject final contract and various approvals.

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