Tatneft Wins Exploration Block in Libya

OAO Tatneft has participated in an open tender held by the National Oil Corporation of Libya. Twenty six exploration and development permits were offered at the tender. OAO Tatneft won the permit for the exploration and development of block No. 82-4 in Libya. The block is located in the central part of the country, in Gedames basin. The size of the block is two thousand square kilometers. Previously, two exploration wells have been drilled on the territory of the block proving existence of hydrocarbons.

Pursuant to the established procedure, OAO Tatneft has to sign an agreement for the exploration and development of the block within 30 days after the announcement of the tender results. Minimal exploration obligations provide for 2D and 3D seismic survey and drilling two exploration wells.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Construction Contracts Analyst
Expertise: Contracts Administration|Legal
Location: Alpharetta, GA
 
Senior Construction Contracts Manager
Expertise: Construction Manager|Legal
Location: Alpharetta, GA
 
Sourcing Commodity Leader - Aerospace
Expertise: Project Management|Supply Chain Management
Location: Irvine, CA
 
search for more jobs

Brent Crude Oil : $53.61/BBL 2.09%
Light Crude Oil : $50.33/BBL 1.98%
Natural Gas : $3.26/MMBtu 2.51%
Updated in last 24 hours