Tag Archives | Block 47

Medco signs Libya Oil Exploration Contract

The Libyan Investment Authority (LIA) has signed a contract with the Indonesian company Medco Energi extending the previous agreement relating to oil exploration in district 47. The signing was attended by the LIA Chairman and Chief Executive Dr. Ali Mahmoud, and Medco Energi’s General Manager in Libya Mr. Faisal Shita. Mr Shita said: “The initial […]

Medco may return to Libya

Mustafa Sanalla, NOC Chairman, has met with Indonesian Ambassador Raudin Anwar and his accompanying delegation at NOC Offices in Tripoli. Also attending were Abulgasem Shingheer, Member of the Board of Directors, Fathi Madi, Manager of Investment Department and Mr. Salah Ben Ali Manager of International Cooperation Office at NOC. The meeting discussed the mutual cooperation […]

AGOCO makes New Oil Find

By John Lee. According to Libya Herald, the Arabian Gulf Oil Company (AGOCO) is reported to have made a new oil find to the south-west of Maradah. The discovery is in Block 47, also referred to as “FF2-147”. The company says that the well tested with an initial flow of 1,892 bpd. (Source: Libya Herald)