Middle East Economic Survey

VOL. LII

No 49

7-Dec-2009

LIBYA

Hess Announces Successful Test Of Libyan Discovery

US firm Hess Corporation has announced that its fully owned subsidiary, Hess Libya Exploration Ltd (HLEL), has successfully tested its A1-54/01 gas discovery well in the offshore Sirte Basin. The area is considered to be one of Libyas new exploration frontiers, with BP, Gazprom and ExxonMobil also having embarked on exploration programs there since the lifting of economic sanctions (MEES,...