By OGJ editors
HOUSTON, Oct. 4 -- BG Group and Statoil, bidding together and separately in Libya's recent licensing round, won exploration and production sharing agreements (EPSAs) to several onshore areas.
Together, they are to receive an EPSA, subject to government ratification, for Area 171 in the Kufra basin. The license involves Blocks 1-4, in which BG and Statoil each has a 50% interest.
Statoil will be operator of Area 171, which covers 11,000 sq km. The work obligation includes a 2,000-km seismic survey and two exploratory wells.
Separately, Statoil received an EPSA to Area 94 in the Cyrenaica basin. It holds a 100% interest and will be operator. It is to shoot 3,000 km of seismic survey and drill one well.
And BG will assume 100% interest in and operate EPSAS for Area 123 (Blocks 1-2). It is to shoot a seismic survey and drill a wildcat on each block. Area 123 is in the Sirte basin and covers 4,750 square km.
