WSJ.com - Exxon and Eni Win Oil Rights in Libya
WSJ.com - Exxon and Eni Win Oil Rights in Libya
October 3, 2005; Page A2
TRIPOLI, Libya -- Exxon Mobil Corp. and Eni Spa of Italy were among several companies that won oil exploration rights in Libya, officials said Sunday.
Libya said 120 foreign oil companies submitted offers for the second round of bidding for certain oil and gas exploration and production contracts in the country.
Nineteen of the plots offered were in areas already producing oil such as Sirte, in the center of the country; Ghadames, in the west; and Murzuq, in the southwest. The others are in Cyrenaica and Kufra, in the east.
The names of the winning companies were announced by an official from Libya's National Oil Corp.
He said Exxon Mobil won one contract for exploration in the center of the country along with Japanese giant Nippon Oil Corp. and PT Pertamina of Indonesia.
British Petroleum won two contracts in Sirte along with PT Pertamina and India's Oil India, while Eni and BP won the two contracts in the Kufra fields.
Companies from France, Norway and Russia won contracts in the Murzuq fields in the west.
Libya is offering contracts with the NOC, the state-owned integrated oil company that controls the country's petroleum industry.
Libya has proven reserves of 29.5 billion barrels of oil, the country's main source of revenue. U.S. giant Occidental Petroleum Corp., which has submitted several offers, announced in late July that it had become the first U.S. oil company to resume production in Libya since the U.S. imposed economic sanctions nearly two decades ago.
Copyright © 2005 Associated Press
October 3, 2005; Page A2
TRIPOLI, Libya -- Exxon Mobil Corp. and Eni Spa of Italy were among several companies that won oil exploration rights in Libya, officials said Sunday.
Libya said 120 foreign oil companies submitted offers for the second round of bidding for certain oil and gas exploration and production contracts in the country.
Nineteen of the plots offered were in areas already producing oil such as Sirte, in the center of the country; Ghadames, in the west; and Murzuq, in the southwest. The others are in Cyrenaica and Kufra, in the east.
The names of the winning companies were announced by an official from Libya's National Oil Corp.
He said Exxon Mobil won one contract for exploration in the center of the country along with Japanese giant Nippon Oil Corp. and PT Pertamina of Indonesia.
British Petroleum won two contracts in Sirte along with PT Pertamina and India's Oil India, while Eni and BP won the two contracts in the Kufra fields.
Companies from France, Norway and Russia won contracts in the Murzuq fields in the west.
Libya is offering contracts with the NOC, the state-owned integrated oil company that controls the country's petroleum industry.
Libya has proven reserves of 29.5 billion barrels of oil, the country's main source of revenue. U.S. giant Occidental Petroleum Corp., which has submitted several offers, announced in late July that it had become the first U.S. oil company to resume production in Libya since the U.S. imposed economic sanctions nearly two decades ago.
Copyright © 2005 Associated Press
0 Comments:
Post a Comment
<< Home