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(E) Crosco Expands Service Activities in Libya
By Nenad N. Bach | Published  05/5/2005 | Business | Unrated
(E) Crosco Expands Service Activities in Libya


Crosco Expands Service Activities in Libya

Wednesday May 4, 4:26 pm ET

ZAGREB, Croatia, May 4 /PRNewswire/ - Crosco Integrated Drilling & Well Services Co., Ltd. is pleased to announce an expansion of service activities in Libya.
Crosco recently commenced provision of accommodation services with Crosco's semisubmersible drilling unit Zagreb 1 on the Sabratha project. Crosco is also providing management, operation and maintenance services on the fast moving workover rig located on the offshore Sabratha platform. Via local partner ADWOC, Crosco is providing onshore drilling services with Crosco's 2000 HP drilling rig EMSCO 604 (EMSCO CII) on the Elephant Field.

Vlado Lescan, General Manager of Crosco's Libyan branch, explained, "Crosco has been committed to the Libyan market for 25 years. We stayed in Libya, worked and gained tremendous knowledge and experience. Today as the activity increases, Crosco is ready to expand services in Libya and mobilize additional rigs and equipment into the country. Crosco is looking forward to meeting the growing requirements of our current clients as well as the requirements of newcomers."

In Libya services are being provided for Eni Gas BV Libyan Branch and Agip Oil.

Crosco is an integrated onshore and offshore drilling and well services contractor. The company has a fleet of 51 modern drilling, workover and geoservice rigs as well as one semisubmersible and one jackup. Crosco is 50% owner of Noble Crosco Drilling Ltd., which is the operator and owner of a jackup rig Panon. Crosco also manages Noble jackup rig Carl Norberg. In addition, with state-of-the-art western equipment, Crosco provides the following services: Well Testing, Coil Tubing, Nitrogen, Cementing, Stimulation, Logging, Mud (Drilling Fluid), Coring, Fishing and Directional Drilling. Crosco currently provides services in Oman, Qatar, UAE, Libya, Syria, Albania, Croatia, Italy and Slovenia

Crosco has been providing services internationally since 1958 and has provided services in 25 countries for some of the world's most recognized oil companies. The company has ISO 9001, ISO 14001 and OHSAS 18001 certification from Bureau Veritas Quality International London. Crosco has an average annual revenue surpassing US$180 million. The company's headquarters are located in Zagreb, Croatia.

Source: Crosco Integrated Drilling & Well Services Co., Ltd.


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  • Comment #1 (Posted by

    I am looking for investors to invest in oil field services in Libya OR Partner Company which has the technology and desire to work in the oil sector in Libya, the major area of work: Oil Drilling, Oil well logging, testing, Oil well Cementation and other areas of oil services. Business opportunities in the oil services sector is rocketing as E&P majors ratchet up their drilling schedules in Libya's much sought oil Fields, with hundreds of wells estimated to be drilled in the next few years. Libyan market is open now for Private investors in partnership with Libyans to operate in the oil sector. My plan is to purchase medium size drilling rigs& work over rigs to drill new wells and well completion. There are other opportunities in this regard. If you are interested in pursuing this matter, please contact me. The Libyan market is a gold mine of opportunity and is open to foreign investors as long as they partner with Libyans I am drilling engineer that has worked in Libya with three international companies for 13 years and presently now I have my own private company called Crown oil services. Our company will provide the contracts for the new partnership. The company is tax free for 5years. We are looking for long term cooperation

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