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!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES 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:  

Peak Oil Review - Feb 8

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

California Offshore Oil Fracking Permits Halted While Federal Government Performs Environmental Review

The U.S. federal government will stop approving offshore oil fracking …

Peak Oil Review - a Midweek Update - Feb 4

 A midweek update. Price volatility increased this week with oil …

Renewables Could Outcompete Costly, Risky LNG, Investors Warned

A new industry report warns investors, governments and regulators that …

State of The Transition: Oil Oversupply, Shale Bankruptcies, Gas Leaks, and a Whiff of Securities Fraud

There is bad news everywhere for the oil and gas industry.

Once Unstoppable, Tar Sands Now Battered from All Sides

Is this the beginning of the end for the tar sands juggernaut?

Peak Oil Review - Feb 1

 A weekly roundup of peak oil news, including: -Quote of the week -Oil …