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    leading gas and oil companies in libya

    0  Views: 1036 Answers: 1 Posted: 13 years ago

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    BP - The British supermajor ended its 30-year hiatus in 2007. The company has a US$900 million deal in place for the onshore Ghadames area and offshore Sirte basin with 17 exploration wells.


    Royal Dutch Shell - Anglo-Dutch oil giant has a gas exploration permit for the Sirte Basin that it was awarded in 2007 as well as other permits awarded in 2005.


    ExxonMobil - The US hydrocarbons company has a $97 million deal in place with National Oil Company (NOC) of Libya as well as an exploration and production-sharing deal covering a huge area of the Cyrenaica Basin.


    Verenex - The Canadian company is currently stuck in an ownership tug-of-war between the NOC and CNPC. Has made a number of significant finds in the country.


    Occidental - California-based oil company is producing around 8000 barrels per day of oil this year, compared to 22,000 in 2008. Also has a number of gas and oil exploration permits.


    PGNiG -Polish gas company has a $108 million gas permit for the Murzuq Basin where it will drill at least eight wells.


    Gazprom - Russian giant has a gas exploration license for areas in the Ghadames Basin.


    RWE - German energy company will drill two exploration wells in Syrenica basin blocks having agreed to spend a minimum of $76 million.


    Sonatrach - State-owned Algerian energy giant has two blocks in the Ghadames Basin.


    Oasis Group - The consortium that includes ConocoPhillips, Amerada Hess and Marathon will pay Libya $1.3 billion to extend its contracts in the Sirte Basin.


    Nippon Oil - Japanese largest refiner has an offshore exploration and production-sharing agreement in place with Libya worth $48 million.  The deal also includes Mitsubishi Corp. and Japan Petroleum Exploration (JAPEX).


    Petrobas - Brazilian energy company has offshore exploration licenses.


    Source: Reuters



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