VOL. XL
No. 44
3-November-1997
LIBYA
CanOxy Acquires Two E&P Blocks In Libya
Ireland's Bula Resources (Jersey) Ltd. has farmed out its two Libyan concessions in theGhadames and Sirte Basins, the G and U Blocks, to Canadian Petroleum North Africa Ltd., aunit of Canadian Occidental Petroleum Ltd. (CanOxy). According to the agreement, CanOxywill operate the two blocks and hold 87.5% interest in the Exploration and ProductionSharing Agreement (EPSA III) signed originally between Libya's...
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