Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

LIBYA

Total Renews Libyan Concessions, Gives NOC Much Bigger Share Of Production

Total and partners Wintershall and StatoilHydro last week concluded their agreement with Libyas National Oil Corporation (NOC) to extend and modify the exploration and production sharing agreements (EPSAs) governing the onshore Mabruk oil field in Block C17 and offshore Al-Jurf oil field in block C137. The agreement effectively represents the latest victory for the...