Building a world of
resilient communities.

MAIN LIST

 

International companies flock to Libya for oil investment bids

The first round of the public announcement of the blocks offered for investment in oil exploration fields across Libya was held yesterday in Tripoli. "The offer is in line with the development of Great Jamahiriya oil reserves, and increasing oil and gas production capacities," JANA reported yesterday.

the report added "In the inaugural session of the round, organized by National Oil Corporation, Libyan engineers introduced the blocks offered for investment including 6 off shore and 9 in land blocks which included Murzuq, Ghadams, Serte, Kufra, and Batanan."

The report added "The rapportuer of the NOC's Negotiations Committee told Jana reporter that this round was in line with the new approaches adopted by the NOC to make tender to for oil investment, to world main specialized companies, saying that this is the first time that Great Jamahiriya introduces such system, i.e public announcement system, or the competitive system to world companies."

The report added "The offers not only include off shore regions, but very deep into the sea, as much as 1000 meters down, whereas previous exploration did not exceed 160 to 180 meters deep."

It added "The rapporture expected to stricke deals at the end of this round because oil potentials in these regions are very encouraging."

The report said "The participation in the first round was remarkable, whether by world companies already present in Great Jamahiriya or those coming for the first time from Asia and the Americas."

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Start your own projects. See our RESOURCES page.
Make connections via our GROUPS page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.

Tags:  

Richard Heinberg on Our Renewable Future

Richard Heinberg discusses our renewable future and how to get there.

Peak Oil Review - Mar 2

A weekly roundup of peak oil news, including: -Oil and the global economy …

Oil Prices Don’t Change Because of Rig Count

Oil prices don’t change based on weekly rig count reports. Yet every …

Energy policy - Mar 1

Syriza: another energy is possible / Renewable energy grab in the Sahara? / …

The Great Game in the Holy Land

Guess what? Almost all the current wars, uprisings, and other conflicts in …

North Dakota Considers Weakening Standards on Radioactive Drilling Waste as Oil Prices Collapse

As the collapse of oil prices threatens North Dakota's shale drilling rush, …

Peak Oil Notes - Feb 26

A mid-week update. Oil prices fell on Monday and Tuesday this week on …