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28-DEC-92/4 JAN 93


Libya and Total Nearing Production Sharing Deal on Mabruk Field

MEES understands that Libya's Sirte Oil Company and France's Total are in theprocess of finalizing negotiations on a production sharing agreement for theMabruk oilfield, located southwest of Ras Lanuf and some 70 kms. north of theDahra oilfield. Talks between the two sides over the former Exxon acreagestarted in early 1992. It is understood that the Mabruk field has provenrecoverable...