Inpex Wins Blocks in Second Libyan Licensing Round



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.

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