Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

LIBYA

Verenex Energy Outlines Exploration Program In Libyas Area 47

Canadas Verenex Energy on 7 November reported on progress in Libyas Area 47, the 6,182 sq km concession in the Ghadames Basin awarded to it earlier this year during the countrys first EPSA-IV licensing round (MEES, 7 February, 21 March). Verenex and Indonesian partner Medco each hold 50% of the license. Verenex said it had identified four drill-ready prospects based on...