Analyst: Libya is 'exploration buzz' among IOCs for 2005

11/08/2004
Libya is "the central exploration and production buzz for 2005" among international oil companies looking for access to potentially giant oil and gas fields, said energy analyst Catherine Hunter in a report drafted for the World Markets Research Centre, part of the London-based Global Insight group of companies."With new acreage on offer and accessible after the lifting of US sanctions, Tripoli airport is teeming with oil and gas executives as the long-awaited vision of Libyan oil and gas investment begins to take shape," Hunter reported.Industry consolidation and the growth of megacompanies in recent years have increased the need for oil and gas projects large enough to enable the bigges...
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