Gulf Oil and Gas accountACCOUNT

Amerada Hess to Return to Libya

Source: www.gulfoilandgas.com 12/29/2005, Location: Africa

Share |
Amerada Hess Corporation announced that, in conjunction with its Oasis Group partners ConocoPhillips and Marathon Oil, it has reached agreement with the Libyan National Oil Corporation on the terms under which it will return to its former oil and gas production operations in the Waha concessions in Libya.

The Libyan National Oil Corporation will hold a 59.16 percent interest, ConocoPhillips and Marathon Oil will each hold a 16.33 percent interest, and Amerada Hess will hold an 8.16 percent interest. The concessions encompass almost 13 million acres located in the Sirte Basin, which is one of the most prolific oil and gas producing areas of Libya, and contain sizable undeveloped oil and gas resources. Amerada Hess will add in excess of 85 million barrels of oil equivalent to the company's proved reserves as a result of the reentry to Libya, and approximately 20-25,000 net barrels per day of production.

Exploration News in Libya >>

Niger >>  8/15/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...
United Kingdom >>  8/13/2018 - As part of the 31st Offshore Licensing Round, the Oil and Gas Authority offered companies the opportunity to propose additional blocks in more mature ...

Norway >>  8/8/2018 - Norway's Petroleum Safety Authority has given Faroe Petroleum consent to drill exploration well 30/6-30 in production licence PL 825. The well will te...
Norway >>  8/8/2018 - A/S Norske Shell, operator of production licence 832, has concluded the drilling of wildcat well 6304/3-1. The well is dry. The well was drilled in th...

Mozambique >>  8/7/2018 - Mozambique’s government on Tuesday approved contracts giving exclusive rights to energy companies to act on concessions awarded to them to explore for...
Indonesia >>  8/3/2018 - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has been informed by Conrad, its partne...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Libya Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

Oil & Gas Projects in Libya >>

More News

 

Oil & Gas Companies in Libya >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.