[lbo-talk] Libya chooses 47 firms to compete in oil round

uvj at vsnl.com uvj at vsnl.com
Thu Oct 12 07:59:46 PDT 2006


Reuters.com

Libya chooses 47 firms to compete in oil round http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-10-01T085212Z_01_L01794080_RTRIDST_0_ENERGY-LIBYA.XML&rpc=66&type=qcna

Sun Oct 1, 2006

TRIPOLI, Oct 1 (Reuters) - Libya has qualified 47 companies to compete for acreage in its third oil and gas licensing round since the lifting of sanctions, state-owned National Oil Corp. said.

NOC, in a statement on its Web site (www.noclibya.com.ly), said 70 applications had been received from oil companies worldwide interested in possible exploration and production sharing agreements.

Libya wants to attract foreign investment to help it increase its oil output capacity to more than 3.0 million barrels (bpd) per day by 2010/12 from about 1.6 million bpd at present.

Libya's latest oil offering, the third since the lifting of U.S. sanctions in 2004, lists 12 offshore blocks and 29 onshore areas. A first round offered 57 blocks, the second 44.

Results of the round will be announced on Dec 20.

The NOC says less than a third of Libya, Africa's fourth largest country, has been explored for hydrocarbons. Its estimated reserves of 37 billion barrels so far have put it among the top 10 oil reserves owners.

NOC listed the qualified companies as follows.

1 ExxonMobil Libya Limited

2 BP Exploration Operating Company Limited

3 Sonatrach

4 Petrobras

5 Shell Exploration and Develoment Libya GmbH

6 Chevron Inter'l Expl& Prod Co.

7 Total E&P Libye

8 Conoco Libya Ltd.

9 Eni North Africa

10 Tatneft Open Joint Stock Company

11 ONGC Idesh Limited

12 Statoil Libya AS

13 Repsol Exploracion Murzoq S.A (REMSA)

14 SINOPEC 15 OXY Libya, LLC

16 Maersk Olie Og Gas AS

17 Norsk-Hydro ASA

18 Lukoil Overseas Holding Ltd.

19 CNPC Inter'l Ltd. Libya Branch

20 BG International Limited

21 Oil India

22 Talisman Energy

23 Marathon Inter'l Petroleum Libya Ltd

24 Oil Search (Libya) Limited

25 RWE Dea

26 Amerada Hess Libya Limited

27 Petro-Canada Ventures (N.A.)

28 Pioneer Natural Resources Libya Ltd

29 PTT Exploration and Production Public Co. Ltd

30 Woodside Energy (N.A) Ltd

31 Wintershall Libyen Oil & Gas GmbH

32 Nippon Oil Exploration Limited

33 Santos Ltd

34 Ukranaft Joint Stock Company

35 Inpex Corporation

36 INA Industrija Nafte, d.d

37 Gaz de France

38 PT. Medco Energi International, Tbk

39 Chinese Petroleum Corp.

40 Japan Petroleum Exploration Co. Ltd.

41 Gazprom Joint Stock Company

42 Oil & Gas Development Company Ltd.

43 Mitsubishi Corporation

44 Itochu Corporation

45 Polskie Gornictwo Naftowe

NOC listed the qualifed consortiums as follows

1. OMV Petroleum Expl. Gmbh (Operator)

2. Moeco (Investor)

© Reuters 2006. All Rights Reserved.



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