Tag Archives | Sirte

Study to Develop Sirte Basin Concession 47

By John Lee. National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met on Wednesday, January 29, 2020 with the Japanese consortium in charge of studying the development of concession 47 in the Sirte Basin (Beda and Haram Fields) in accordance with the Memorandum of Understanding signed in 2009. The consortium presented a detailed presentation of […]

LNA Seizes Control of Sirte

By John Lee. The Libyan National Army (LNA) has reportedly taken control of Sirte. According to Reuters, this would be an important gain for eastern-based commander Khalifa Haftar, who since April has been attempting to take over Tripoli. Sirte lies in the centre of Libya’s Mediterranean coast, and has been controlled by the internationally-recognised Government […]

Total to Invest $650m in Waha Field

By John Lee. Tbe National Oil Corporation (NOC) has announced its approval of Total’s acquisition of Marathon Oil Libya Limited (MOLL)'s stake in the Waha concessions, which represents 16.33 percent of the concessions. According to NOC, Total has committed to invest 650 million USD to the development of the Waha concessions and to ramp up […]

Wintershall Oil Concessions converted to EPSA IV format

In implementation of a Memorandum of Understanding (MoU) signed on August 26, 2010 between the National Oil Corporation (NOC) and Wintershall Aktiengesellschaft (WIAG) and approved by decision No. 468/2010 of the General People's Committee at the time, and following negotiations and the necessary government approvals, NOC and WIAG have signed two EPSAs for Areas 91 […]

Tatneft Continues Exploration in Libya

By John Lee. In a meeting during Russian Energy Week, the General Director of Tatneft told a delegation from Libya's National Oil Corporation (NOC) of its readiness to return to Libya in the coming weeks to complete the remainder of the contracted work. The company signed four exploration and production sharing agreements in Ghadames and […]

US firm in discussions regarding Libyan Oil Fields

By John Lee. National Oil Corporation (NOC) chairman, Mustafa Sanalla, met with Mr John W. Wallace, chairman and CEO of DeGolyer and MacNaughton, in Tunis. Also present were NOC board member for Exploration and Production, Abulgasem Shengheer, and Dr Khalifa Rajab Abdul Sadiq, chairman of the Management Committee of Zallaf Oil & Gas Exploration and […]

EU strengthens Fisheries Industry in Libya

A group of officials and technical experts from a diverse set of Libya's leading coastal cities visited Galicia in mid-July on a study visit intended to advance the development of a local fisheries industry in Libya, complementing a project already launched with the support of the European Committee of the Regions and the Italian region […]