1. Area 81-2 (Approx.400km south of Tripoli. Onshore 2,708km2)
2. Area 82-3 (Approx.400km south of Tripoli. Onshore 2,687km2)
Teikoku plans to establish wholly owned subsidiary and transfer all of its Participating Interests to such company. We expect to invest approx US $50MM (5,500 millions of Japanese Yen) in the above-mentioned exploration period.
These new Libyan projects are second operator projects for Teikoku in North African area, following the one in Egypt, while having some other exploration and production projects in Egypt and Algeria. North Africa is one of Teikoku's key areas and, considering the keen attention of ourselves to the great potentials of hydrocarbons in Libya, we established a corporate representative office in Tripoli in July 2005. We believe our engagement in these new ventures in Libya shall further enhance our involvement of new additional projects in the country and in North African area.
Most Popular Articles
From the Career Center
Jobs that may interest you