Libya Awards Exploration Acreage to Braspetro, OMV and Husky
Libya has concluded new exploration and production sharing agreements withAustria's OMV, Brazil's Braspetro and Husky Oil of the US. The agreements weresigned on 5 August and will enter into effect subject to the approval of Libya'sGeneral People's Committee. The areas concerned, totaling 21,015 sq. kms. in theGhadames and Sirte basins, are as follows:
- Area A (bloc No. NC162), 6,558.23 sq. kms. in...