OGJ Newsletter

01/09/2006
General Interest - Quick TakesConocoPhillips, to resume Libyan operationsConocoPhillips reported that after reaching an agreement with Libya’s National Oil Corp. (NOC), it will return to its former oil and gas production operations in Libya along with coventure partners Marathon Oil Co. and Amerada Hess Corp.ConocoPhillips and its coventures suspended operations in Libya in 1986.Under the new agreement, ConocoPhillips and its partners will return to their former exploration and production interests in the Waha concessions in Libya. ConocoPhillips and Marathon each will hold a 16.33% interest, Amerada Hess will hold an 8.16% interest, and NOC will hold the remaining 59.16% interest.T...
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