Saturday, September 8, 2007

Libya names 35 to contest gas round

Libya has qualified 35 firms, including Western super majors and Russian giants Gazprom and Lukoil, to compete for operator permits in its gas-focused exploration and production licensing round, the National Oil Corporation (NOC) said.


The list, published by NOC on its website, included US-based ExxonMobil and Chevron, Anglo-Dutch group Shell, France’s Total , Norway’s Statoil, Gaz de France, Italy’s Eni and Russia’s Gazprom and Lukoil. Algeria's state-owned energy giant Sonatrach also figures among the 35.


A further 21 companies in which Asian companies were heavily represented were qualified to compete as investors, it said. Libya is offering 41 onshore and offshore blocks. The North African country wants to become a major gas producer and aims to increase production to three billion cubic feet per day by 2010, with a potential for 3.8 Bcfd by 2015.

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