VOL. XLIV

No. 05

29-January-2001

LIBYA

TotalFinaElf Launches Development Of Offshore Block NC-137

The Libyan oil authorities on 19 January approved the development of structure B in offshore Block NC-137, with a production capacity of around 35,000 b/d of 32º API crude oil to come on stream in early 2003. TotalFinaElf (operator, with a 37.5% equity interest) will launch the development work immediately in association with the Libyan National Oil Corporation (50%) and Wintershall (12.5%). Block...