ExxonMobil Signs EPSA IV Agreement for Exploration

Thursday, February 08, 2007
Exxon Mobil Corporation confirmed that its subsidiary, ExxonMobil Libya Limited, has signed an Exploration and Production Sharing Agreement (EPSA) with Libya’s National Oil Corporation (NOC) to initiate exploration activity offshore Libya in the Sirte Basin.

The agreement includes four blocks located in Contract Area 20, approximately 100 miles off the Libyan coast, which were awarded to ExxonMobil in the third round of EPSA IV licensing in December. The contract area comprises 2.5 million acres and is situated in water depths ranging from approximately 4,000 feet to more than 6,500 feet.

Elsewhere in Libya, ExxonMobil is in the very early stages of an exploration program in Contract Area 44 in the offshore Cyrenaica Basin, which was awarded to the company in the second round of EPSA IV licensing in 2005. To date, the company has completed an Environmental Impact Assessment (EIA), met with local stakeholders and is conducting a 2D seismic acquisition program.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

CWind Joins National Workboat Association

Citing crew transfer services as an integral part of its offering, offshore wind industry service provider CWind announced it is now a member of the National Workboat Association (NWA) of the U.

BG Group Starts up Sixth FPSO in the Santos Basin

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the

BG Awards Fugro MBES, Seabed Coring Contract

Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign

Cruise Ship Trends

Norwegian Epic to Sail from Port Canaveral

Port Canaveral will homeport Norwegian Cruise Line’s (NCL) largest ship and currently the third largest in the world—the Norwegian Epic—starting in November 2016,

Cruise Industry Wins Key Norovirus Judgment

In what is being seen as a landmark decision, Hill Dickinson is the first law firm to have successfully defended a UK class action case involving a Norovirus outbreak onboard a cruise liner.

Royal Caribbean's Profit Rises 34 Percent

Royal Caribbean Cruises Ltd, the world's second-largest cruise operator by revenue, reported a 34 percent rise in quarterly profit as passengers spent more onboard

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1262 sec (8 req/sec)