Middle East Economic Survey


No 15



Second Libyan EPSA-IV Upstream Round Set To Drop M Factor, Focus On Cost Oil Bidding

Libya is set to change the terms of the second EPSA-IV licensing round due in May by dropping the use of the M factor and instead focusing on cost oil bidding, MEES understands. The changes to the bid process are aimed at making the contract more attractive to a wider array of bidders. The first EPSA-IV licensing round was dominated by Occidental,...