Agip details plans for development project in Libya

Agip North Africa BV, a unit of Italian state energy conglomerate Ente Nazionale Idrocarburi (ENI), has reached a final agreement with Libya`s National Oil Corp. (NOC) on the development scheme for a major gas, oil, and condensate development project.The project involves a combined 1.8 billion boe of reserves in offshore Block NC41 and onshore Block NC169. Since signing an agreement on the project plan in mid-June, says ENI, the technical details and results of the feasibility studies have been evaluated, and commercial agreements have been finalized.Development schemeThe project`s main components are: Platform C on Block NC41. A fixed drilling and production platform and subsea clusters ...

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