Acquisitions and Divestitures News in Libya

Wintershall Transfers Operatorship in Sirte Basin Oil Fields to SOO
10/29/2020 - - Wintershall Dea affiliate WIAG has transferred operatorship of Sirte Basin fields to new joint venture with NOC: Sarir Oil Operations (SOO)
- In December 2019, WIAG’s Petroleum Concessions 96 ...
Establishment of Jonit Company in Contract Areas 91 and 107
10/29/2020 - The National Oil Corporation (NOC) announces that the newly established joint operating company Sarir Oil Operations (SOO) assumes operatorship on the Contract Areas 91 and 107 (previously 96 and 97) ...
Wintershall & Libya’s NOC Signed EPSA Agreements
12/12/2019 - Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) have signed two Exploration and Production Sharing Agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (form...
Libya Examines Total-Marathon Purchase, Casting Doubt on Deal
4/23/2018 - Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several s...
Total Acquires 16.33% Stake in the Waha Concessions in Libya
3/2/2018 - Total has acquired Marathon Oil Libya Limited which holds a 16,33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million ba...
OMV Buys Occidental Stake in Libya's Nafoura Oil Field
1/27/2017 - Austria's OMV has agreed to buy a 7 percent stake in Libya's Nafoura oil field from U.S. company Occidental Petroleum Corp, increasing its share in the field. ...
Recognition of Impairment Loss & Provision for Operations in Libya
1/17/2014 - The Management Board of PGNiG announces recognition, as at December 31st 2013, of an impairment loss on PGNiG's interest in Polish Oil and Gas Company Libya BV (POGC Libya), a wholly owned subsidiary ...
Libya's NOC Interested in Marathon Oil Stake
10/3/2013 - Libya's National Oil Corp (NOC) is interested in buying Marathon Oil's stake in one of the North African country's most important joint ventures, Oil Minister Abdelbari Arusi has said. ...
Marathon Oil Mulls Selling Libya Oil Stake
7/25/2013 -  Marathon Oil Corp. has notified Libya's National Oil Co. that it is considering selling its stake in Libya's largest foreign-oil partnership, two Libyan oil officials said. Recently, the U.S. company...
Gazprom Neft to Decide on Libya Oilfield by Year-End
Gazprom Neft to Decide on Libya Oilfield by Year-End 6/8/2012 - Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, will decide by the year-end whether to proceed with the Elephant oil project in Libya, Gazprom Neft's head said on Friday. ...
Libya Eyes New Investors for ENI Projects
7/7/2011 - Libya's government has begun negotiations with Russian and Chinese energy firms on taking over ENI's projects in Libya after the Italian firm withdrew its staff, a senior Libyan government official sa...
Ireland is the Most Affected by Libya Unrest
Ireland is the Most Affected by Libya Unrest 4/9/2011 - In total, Libya exports an overwhelming 85 percent of its crude oil to Europe. Relying on Libya for almost a quarter of its crude oil imports, Ireland tops the list of dependents with 14,000 barrels a...
Gazprom Acquires a Stake in Elephant Oil Project
2/16/2011 - In the presence of Russian President Dmitry Medvedev and Italian Prime Minister Silvio Berlusconi a Farm-out Agreement for the Elephant project Production Sharing Agreement (PSA) has been signed in Ro...
Libya's Ghanem Sees No New Oil Concessions in 2011
12/23/2010 - Libya does not expect to issue any new oil concession licences in 2011, the chairman of its National Oil Corporation (NOC) said on Thursday. ...
Libya Says Chevron and Occidental Exit Licences
10/2/2010 - Chevron and Occidental have not extended their five-year oil and gas licences in Libya, a senior executive with Libya's NOC state energy firm told Reuters. Other companies whose licences were not exte...
BG Signs Libyan Exploration and Production Sharing Agreements
12/8/2005 - BG Group signed three Exploration and Production Sharing Agreements (EPSA) for Blocks 123 (1) and 123 (2), and Area 171, (Blocks 1, 2, 3 & 4). This follows successful bids in the recent Libyan licensi...
BG Group to Enter Libya with Licensing Round Awards
10/3/2005 - BG Group is pleased to announce that it has been successful in its bid for exploration licenses in Area 123 (blocks 1 & 2), and Area 171, (blocks 1, 2, 3 & 4), in the recent Libyan licensing round hel...

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