Uchenna Izundu
International Editor
LONDON, Feb. 7 -- ExxonMobil Corp., under an exploration and production-sharing agreement with Libya's National Oil Co., will carry out exploration over four blocks in the Sirte basin, 100 miles off Libya.
The blocks are in Contract Area 20, which covers 2.5 million acres and was awarded to ExxonMobil in the third round of EPSA-IV licensing in December. The contract area lies in 4,000-6,500 ft of water.
ExxonMobil said it has completed an environmental impact assessment and has met with local stakeholders. The company also is shooting a 2D seismic survey in Contract Area 44 in the Cyrenaica basin off Libya.
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