Libya opens offshore E&P contracts in second licensing round

Boschee, Pam
November 2005
Offshore;Nov2005, Vol. 65 Issue 11, p10
Trade Publication
The article reports that fifty companies submitted offers for oil and gas exploration contracts in Libya. Libya is offering contracts with the National Oil Corp. (NOC), the state-owned integrated oil company that controls the country's petroleum industry. Nineteen of the plots offered early last month were in areas already producing oil such as Sirte, Ghadames and Murzuq. According to a Libyan officials the country has oil reserves and gas reserves its current production is about 1.7 million barrels per day.


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