News - Sirte Basin
GDF Suez has acquired a 20% participating interest in an exploration and production license in Libya from Hellenic Petroleum, a Greek integrated energy group. Other license partners include Australian oil and gas company Woodside, and Spanish integrated energy firm Repsol.
RWE Dea has announced that it has made the sixth and seventh discovery in the Libyan Sirte Basin. Two exploration wells in the NC193 concession encountered oil bearing reservoirs.
California-based Occidental Petroleum has signed full 30-year agreements with the Libyan National Oil Company to upgrade its existing petroleum contracts in Libya.
RWE Dea, which is engaged in oil and gas exploration and production, has announced a fifth oil discovery in the Sirte Basin, Libya.
Vangold Resources Ltd. (TSX-V: VAN) ("Vangold") has been actively working in Kenya, Rwanda and Armenia over the last 18 to 24 months. President and CEO, Dal Brynelsen, comments: "We have successfully opened offices in Yerevan and Nairobi to support our properties in Armenia, Kenya and Rwanda.
