Fossil Energy – Technical Study
National Oil Corporation has signed an agreement with Chevron to conduct a technical study for offshore oil exploration in Libya, in a move aimed at attracting more investment into the country’s energy sector.
The agreement involves the offshore NC 146 block and focuses on preparing a comprehensive technical study to assess oil and gas potential in the area, the National Oil Corporation said in a statement issued in Tripoli.
According to the corporation, the Memorandum of Understanding signed with Chevron covers geological and technical studies that will help determine the exploration and production potential of the offshore block.
