Inpex Wins Blocks in Second Libyan Licensing Round


Basins of Libya
(Click to Enlarge)
Inpex in partnership with Total was the winning bidder for the Area 042 Block 2 & 4 on October 2nd in the second licensing round for exploration and production sharing agreements in Great Socialist People's Libyan Arab Jamahiriya.

The block is located in the Cyrenaica basin, in the northeast part of the country and covers 3,419 square kilometers .

Inpex has a 40% participating interest in the block and Total is the operator (60%). Inpex and Total will execute the Exploration Production Sharing Agreement of the block with National Oil Corporation in November.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Site Manager / Project Manager Fuels
Expertise: Project Management
Location: Kennesaw, GA
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours