Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

LIBYA

More IOCs Formalize Upstream Deals For Libyan Blocks

Several more international oil companies (IOCs) that were awarded concessions during Libyas second licensing round have signed exploration and production-sharing agreements (EPSAs) with Libyas National Oil Corporation (NOC) for acreage awarded in October (MEES, 10 October). Norsk Hydro, Japex, Nippon Oil Exploration (NOEX), Mitsubishi, Pertamina and Tatneft have finalized the...