European Consortium Awarded Murzuk Oilfield Development
After almost two years of negotiations, Libya's National Oil Corporation (NOC)has signed agreements with a European consortium composed of Spain's Repsol (40%and operator), France's Total (30%) and Austria's OMV (30%) to develop the 4,275sq. km. Murzuk Block NC-115 concession in southwest Libya (MEES, 13 December1993). The agreements are subject to the final approval by the appropriateLibyan...