Tripoli unveils $7bn upstream programme

September 2006
MEED: Middle East Economic Digest;9/8/2006, Vol. 50 Issue 36, p16
Trade Publication
The article reports on an upstream programme aimed at doubling Libya's oil production by 2020 and boosting proven reserves by 50 percent unveiled by the National Oil Corp. Under the 10-year plan, Tripoli will offer international oil companies more than 110 30-year exploration and production sharing (EPSA) agreements in return for investment in upstream activity over the next decade. Up to 60 new EPSA agreements will be offered in the coming two-and-a-half years through five bidding rounds.


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