VOL. XXXIX
No. 36
6-June-1996
LIBYA
Libya Signs E&P Deal For Onshore Block
Libya's National Oil Corporation (NOC) has signed an exploration and production-sharing agreement with a consortium consisting of PanCanadian Petroleum Limited, Clyde Petroleum of the UK and Yukong Limited of South Korea. Pan- Canadian will act as operator and hold 75% of the shares while Clyde will take 15% and Yukong 10%.
The specific location of the block has not yet been identified, but it is an onshore...
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