Middle East Economic Survey


No 41


Asian, European Companies Dominate Second Libyan Upstream Awards

Asian and European companies on 2 October dominated awards in the second upstream bid round to be launched by Libyas National Oil Corporation (NOC) under the EPSA-IV contract. In all, awards were made to 17 IOCs covering a total area of some 68,000 sq km. In May, NOC offered 44 blocks in the Cyrenaica, Ghadames, Sirte, Murzuq and Kufra basins, including 10 offshore blocks...