NOC Libya Priorities and Visions Presented

In an exclusive interview with CWC Group ahead of the 2nd Libya Forum taking place 16 – 18 September 2013 in Tripoli, NOC Libya Chairman Dr Nurri Berruein set out the organisations priorities for the next year and vision for the medium to long term.

He said: “[Over the next year] our priorities are securing the field operations, the return of the service companies, and maintaining oil and gas production at the normal rates. We are also prioritizing the review of the 1955 Libyan Petroleum Law and the existing EPSA 4 contract model. And finally we are undertaking an assessment of the country’s existing and yet-to-find conventional and unconventional resources.”

Of the much anticipated Petroleum Law Review, Dr Nurri said: “The Committee is still working and expected to publish their findings soon.” He added that in the new licensing round “companies can expect attractive commercial fiscal terms founded on the basis of mutual interest, win-win relationships and maximizing partnership values.”

NOC Libya is hosting the high level 2nd Libya Forum taking place in September in Tripoli. Executives seeking to meet with Dr Nurri and other senior NOC officials, to understand about the potential for their company in Libya can still register for the event. Dr Nurri said that “NOC is open to meeting all interested IOC and service companies.”

Press Release, September 02, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply