International Drilling Contractor Buys Petrorig I for $450MM

Petrorig I Pte Ltd, a company 100% controlled by Petromena ASA, has signed a Memorandum of Understanding with an international drilling
contractor for the sale of the drilling rig Petrorig I for US $450 million.

Petrolia Drilling ASA owns 51,47 % of the shares outstanding in PetroMENA ASA.

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