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  1. Libya Oil Output Boosted By Sirte Basin Rebound

    ...reign producer in Libya prior to the 2011 Revolution, its Q3 results on 26 October failed to include a breakdown of its operations there and an earnings call later the same day added no further detail. The firm’s Q3 results statement noted only that its overall “production volumes in exploration and pr...

    Volume: 60
    Issue: 43
    Published at Fri, 27 Oct 2017

  2. Medco Announces $180mn Impairment On Libya’s Area 47

    ...a DeGolyer and MacNaughton report in September 2008, gross contingent reserves in Area 47 are an estimated 703mn boe. In February 2011, Medco announced that it had temporarily halted exploration activities due to political instability. The company resumed operations on the Area 47 licence area in...

    Volume: 60
    Issue: 43
    Published at Fri, 27 Oct 2017