U.S. Firms in Support of Libya's Efforts in Expanding its Petroleum Industry Capacity

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HOUSTON, TX (SEND2PRESS NEWSWIRE) -- PennWell, in agreement with Lyamec, will produce a special publication on the development of the Libyan Oil fields; including the establishing of advanced wire line and oil tool manufacturing capabilities in the region. The publication will provide an in-depth look at the unique focus that Lyamec and its partners are developing to efficiently serve the oil industry and its requirements. The special publication by PennWell(R) will run as a supplemental on the Oil and Gas Journal, Offshore and Oil, and Gas Financial Journal.

In a statement by Roy Markum, Vice President of PennWell, "This is an opportunity for several participants to showcase their technology and expertise in support of Libya's efforts in expanding its petroleum industry capacity and global reach to serve the U.S. market. Lyamec is a well represented and a well respected firm in the United States and Libya. With the strength of PennWell's Energy Team and Lyamec's cross border tools, makes this a unique opportunity for recognizable firms in the U.S. to lead in their innovative technology and managerial applications to Libya."

Libya has a priority to procure a vast range of oil technologies to rehabilitate oil & gas fields to recover and improve the longevity of its reservoirs. In a statement by R.G. Raymond of Lyamec: "Keeping the world's supply of oil flowing smoothly is very important given today's global dependency on energy. We will be working together to get key management of operating companies, drilling contractors, to the likes of Halliburton, Schlumberger, Occidental Petroleum, Exxon, Global Oil Tools, CTT Technologies, Ko-Vac Systems and others, whom are focused in the development of Libya's Oil fields, up to the front line."

The Lyamec Group ( was established in 1999, to fulfill the existing and expanding demand for U.S. made products for specific Libyan market segments as outlined by President Clinton on April 28, 1999. The Lyamec Group provides vital assistance in laying unique and integrated platforms with cross-border assets to further streamlining efficient and effective opportunities and solutions.

The Oil & Gas Journal is the world's most widely read and respected petroleum industry publication. OGJ Online is the world's leading provider of high-value information to the energy industry, designed to deliver a powerful tool for solving technical and business problems.

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REFERENCES: , , PennWell, Penwell publishing, Lyamec Group, Libya Oil, Roy Markum, R.G. Raymond, Oil & Gas Journal, OGJ, Oil and Gas Journal, Offshore and Oil and Gas Financial Journal, news, press release from The Lyamec Group, Nov 7, 2005, Energy, Oil, Gas and Solar, , , , , U.S. Firms in Support of Libya's Efforts in Expanding its Petroleum Industry Capacity