10/01/2005

Libya Awards Oil Exploration Rights

Exxon Mobil Corp., BP Gas and Eni SpA of Italy were among several companies that won oil exploration rights in Libya, officials said Sunday.

Libya said 120 foreign oil companies submitted offers for the second round of bidding for certain oil and gas exploration and production contracts in the country.

19 of the plots offered were in areas already producing oil such as Sirte, in the center of the country; Ghadames, in the west; and Murzuq, in the southwest. The others are in Cyrenaica and Kufra, in the east.

The names of the winning companies were announced by an official from Libya's National Oil Corporation (NOC).

He said Exxon Mobil Corp. won one contract for exploration in the center of the country along with Japanese giant Nippon Oil Corp. and PT Pertamina of Indonesia.

British Petroleum won two contracts in Sirte along with PT Pertamina and India's Oil India, while Eni SpA and British Petroleum won the two contracts in the Kufra fields.

Companies from France, Norway and Russia won contracts in the Murzuq fields in the west.
Libya is offering contracts with the NOC, the state-owned integrated oil company that controls the country's petroleum industry.