Calmena Updates on Waha Issues

Canadian energy services company Calmena has said there is "continued uncertainty" as to 2013 drilling plans in the Waha field.

In its second quarter results statement, the company said:

"One of our rigs is operating under a contract that extends until the middle of the fourth quarter of 2013. The second rig is currently without a contract after being idle since February 2013 as a result of labour issues. We reached an agreement on our labour issues late in the second quarter and are working to secure a new contract for the rig."

 It also logged several one-time charges totaling $2.3 million for relocating a drilling rig from Colombia to Texas, disputed customer invoices in Colombia and Libya and a labour settlement in Libya.

(Source: Calmena)

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