(Bloomberg) -- BP Plc, Europe's second-largest
petroleum company, and the Libyan government will share any oil
fields BP may find under an exploration accord signed with the
North African nation last month, a Libyan official said.
The agreement was initially announced as a ``natural-gas
cooperation accord'' during British Prime Minister Tony Blair's
visit to Libya on May 29. London-based BP committed to spend at
least $900 million on exploration works in offshore and onshore
plots that cover a total of 54,000 square kilometers (20,850
square miles), about the size of West Virginia.
Read more at Bloomberg Energy News
petroleum company, and the Libyan government will share any oil
fields BP may find under an exploration accord signed with the
North African nation last month, a Libyan official said.
The agreement was initially announced as a ``natural-gas
cooperation accord'' during British Prime Minister Tony Blair's
visit to Libya on May 29. London-based BP committed to spend at
least $900 million on exploration works in offshore and onshore
plots that cover a total of 54,000 square kilometers (20,850
square miles), about the size of West Virginia.
Read more at Bloomberg Energy News
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