LIBYA

 

MEES Agenda

 

Libya’s Exploration Record Offers Challenge For New Government

 

Libya’s lack of exploration success in the eight years since the 2004 introduction of EPSA-IV terms renders challenging plans to raise production to 2.2mn b/d by 2015. Some 54 concessions have been awarded as a result of the four bid rounds held under EPSA-IV terms. After last week’s article considering the fate of the first 15 concessions allocated in early 2005,...