VOL. XXXIV

NO. 43

29-JULY-1991

Libya

Shell and Montedison Relinquish Concession in Libya

The joint venture between Royal Dutch/Shell and Italy's Montedison subsidiary Societa Energia Montedison, whichwas the first group to be awarded a concession in Libya's third round ofexploration and production-sharing agreements (EPSA III), has relinquished itstwo concessions in Blocs NC-147 and NC-153 in the Ghadames Basin in westernLibya after failing to find oil. The agreement, signed in August 1988, called...