Middle East Economic Survey
IOCs Sign Exploration And Production Agreements With NOC
ExxonMobil, BG and two Indian companies have signed exploration and production-sharing agreements (EPSAs) with Libyas National Oil Corporation (NOC) for the blocks they were awarded in Libyas second international EPSA-IV bidding round this autumn (MEES, 10 October). ExxonMobil Libya on 5 December signed its EPSA with NOC for the offshore Area 44. The agreement covers a...