NOC Signs Production Sharing Agreement with Petrofina
Libya's National Oil Corporation (NOC) signed a production sharing agreementwith Belgium's Petrofina on 25 February in Tripoli. The deal forms part of thethird round of exploration and production sharing agreements (EPSA III)launched in 1988.
The agreement covers three areas totaling 15,736 sq. kms. in the central andsouthern Sirte Basin as well as south of the Zueitina terminal, namely BlocNC-170 (7,081 sq....