French Company signs $500m Libya Deal

By John Lee.

French oil services company Technip has reportedly signed a deal worth $500 million to refurbish an oil platform at Libya's Bahr Essalam offshore field.

The field is run by a consortium that includes Libya's National Oil Corporation (NOC) and Italy's ENI.

According to Reuters, the deal was signed by NOC head Mustafa Sanalla and Technip CEO Thierry Pilenko.

(Source: Reuters)

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