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2024-05-27 MedcoEnergi Completes Divestment of Area 47 in Libya Jakarta, May 27, 2024 - PT Medco Energi Internasional Tbk announces...
Nafusa Oil Operations BV announced that the National Oil Corporation (NOC) has acquired the foreign partner's share in developing the North Hamada field, leading to the resumption of exploration activities in Block 47 of the Ghadames Basin, which had been halted since 2014. In a statement on Friday, the company said this acquisition is expected to facilitate new discoveries in Block 47, which can be quickly developed and connected to the surface facilities currently being completed.
Investegate announcements from Quarterly Activities Report and Appendix 5B
The auction offers 15 deepwater blocks and nine shallow-sea blocks.
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