Dalma wins drilling deal
Abu-Dhabi based Dalma Energy has been awarded a one-year $23 million drilling contract in Algeria by Spain's Repsol YPF, marking its first foray into Africa. Dalma, acquired by Aabar Petroleum Investments Company in July 2005, says drilling operations are expected to begin in June 2007, with the deployment of two deep-drilling land rigs. The deal includes an option of an $11 million six-month extension.
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