VOL. XXXIV
NO. 3
22-OCTOBER-1990
Libya
Pedco and Lasmo Sign Production-Sharing Agreement
A South Korean consortium led by state-owned Petroleum DevelopmentCorporation (Pedco) and the British firm Lasmo signed on 11 October aproduction-sharing agreement with Libya's National Oil Corporation (NOC) as partof the third round of exploration and production sharing agreements (EPSA III)launched in 1988. Both companies are new to the Libyan oil industry; Lasmo (theoperator) has a 50% interest in the...
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