VOL. XLII

No 46

15-November-1999

LIBYA

Libyas NOC Opens 80 Blocks To IOCs; European ConsortiumAwarded New EPSA Contract

Libyas National Oil Corporation (NOC) has designated 80onshore and offshore blocks as open areas for international oil companies(IOCs) under Exploration Production Sharing Agreements (EPSA-111), MEES learns.Another 15 blocks, mainly in the Sirte and Murzuk Basins, are reserved pendingconclusion of ongoing talks with IOCs.

NOCs Joint Venture and Operation Department has sent a...