The Beirut-based firms, Energy & Environment Holding (EEH) and Petroserv, are taking part in a new survey to be conducted by US firm NEOS over Cyprus to collect three dimensional data about oil and gas.
The deal was signed last week with the Government of Cyprus, for a value of $8-$10 million. EEH, chaired by Roudi Baroudi, is investing in this deal and is playing the role of an investment vehicle for other investors. Petroserv will act as a subcontractor as it has extensive knowledge in...
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