ExxonMobil signs EPSA for area off Libya

Dec. 6, 2005
ExxonMobil Libya Ltd. has signed an exploration and production-sharing agreement (EPSA) with Libya's National Oil Corp. for the large offshore Cyrenaica basin Contract Area 44.

Eric Watkins
Senior Correspondent

LOS ANGELES, Dec. 6 -- ExxonMobil Libya Ltd. has signed an exploration and production-sharing agreement (EPSA) with Libya's National Oil Corp. for the large offshore Cyrenaica basin Contract Area 44.

The area, with four blocks covering a total of 2.5 million acres in 100-10,000 ft of water, was offered in Round 2 of Libya's EPSA IV licensing in October (see map, OGJ, Oct. 24, 2005, p. 42).

Contact Eric Watkins at [email protected].