Libya says it is 'open for business' to US oil firms

Survey EditorDeclaring his country "open for business," a top Libyan oil official said May 5 he expects the state-owned National Oil Corp. (NOC) to offer eight exploratory blocks for bid under its EPSA-4 (exploration and production-sharing agreement) bidding round this summer.The eight blocks are meant to be a representative sample of what is available onshore and offshore, NOC said. For this round, the blocks include parcels in the gas-prone western Ghadames basin and in the northeast Cyreaica-Botnan basin. Two offshore blocks also will be offered; the remaining onshore acreage will be in the western Murzuq basin and in Sirt, the country's central region.NOC officials anticipate keen...

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