Lundin Oil (LOILY, LOILB Sweden) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tomas who wrote (1995)	1/26/2001 9:56:11 PM
From: Tomas	Read Replies (1) of 2742

Libya: NOC to award block licences - Middle East Economic Digest, January 26 Tripoli has taken another step towards increasing oil production capacity. The National Oil Corporation (NOC) on 15 January dosed the bidding for the licences to develop three new packaged production blocks. Interest in the available acreage began in May when 50 companies attended a meeting in Tripoli outlining details of the blocks on offer. Libya's production has remained static at around 1.4 million barrels a day (bid) and the development of the three packages will move NOC closer to its target of 2 million b/d. More than 14 foreign operating companies have expressed an interest in the licences, including the UK's BP and the Royal Dutch/Shell Group, Italy's Agip, Spain's Repsol and France's TotalFinaElf. NOC is keen to keep the process moving and plans to complete its evaluation of bids in the coming months. The three packages on offer comprise 14 blocks in the Sirte, Murzuq, Ghadames and Cyrenaica basins. The bid deadline for the remaining blocks on offer will be kept open indefinitely, say NOC sources. The unpackaged blocks account for 70 per cent of the country's unexplored acreage in the six main basins.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next