Libya Threatens Oil
Nationalization: A Precursor to
the Contracts Negotiation
Reference Code: GDGE0597VPT
Publication Date: FEB 2009
Energy Viewpoint GDGE0597VPT / Published FEB 2009
© GlobalData. This report is a licensed product and is not to be photocopied Page(1)
Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 GlobalData Viewpoint 6
2.1 Summary 6
3 Libya Threatens Oil Nationalization: A Precursor to the Contracts Negotiation 7
3.1 Reasoning behind the Nationalization 7
3.2 Libya – Still Widely Unexplored 9
3.3 Despite Threats, Libyan Government is Unlikely to Nationalize the Oil & Gas Industry 10
3.4 Conclusion 11
4 Recent Developments 12
4.1 Strategy and Business Expansion 12
4.1.1 Oct 08, 2008: Repsol To Expand Operations Into Southern And Western Africa 12
4.1.2 Sep 20, 2008: OIL To Commence Drilling At Libya Fields In 2009 12
4.2 Recent Discoveries 13
4.2.1 Jan 15, 2009: NOC Announces New Oil/Gas Discovery In Ghadames Basin, Libya 13
4.2.2 Jan 12, 2009: Verenex Discovers Oil And Gas At H1-47/02 Well In Ghadames Basin, Libya 13
4.2.3 Dec 15, 2008: NOC Announces Oil And Gas Discovery At D1-NC7A Well In Ghadames Basin,
Libya