MOL Signs Production Sharing Deal for Mediterranean Oil and Gas Exploration

MOL Signs Production Sharing Deal for Mediterranean Oil and Gas Exploration

The MOL Group has signed a production sharing agreement for offshore hydrocarbon exploration in Libya, marking a significant step forward in the company’s expansion into North Africa and its efforts to strengthen energy security in Central and Eastern Europe. According to a statement released by MOL Group, the agreement was signed alongside joint venture partners Repsol and Türkiye Petrolleri A O (TPAO) for an exploration area in the Mediterrane…

Libya inks production-sharing deals with Türkiye's TPAO, foreign firms

Libya's National Oil Corporation (NOC) has signed production-sharing deals with several international energy firms after the country's first licensing round in nearly 20...

MOL, Repsol, TPAO sign PSA for Libya's O7 block

MOL Group signed a production sharing agreement with joint venture partners Repsol and Türkiye Petrolleri (TPAO) for the O7 offshore exploration block in Libya’s Mediterranean waters, following the award of an exploration licence. Repsol holds a 40% stake and serves as operator, with TPAO holding 40% and MOL Group 20%. The consortium was awarded the … The post MOL, Repsol, TPAO sign PSA for Libya’s O7 block appeared first on Drilling Contractor.

Libya’s NOC Signs Major Oil & Gas Agreements With Global Firms

Libya’s National Oil Corporation (NOC) has signed a series of production-sharing agreements with several major international energy companies, marking a significant milestone following the country’s first oil and gas licensing round in nearly 18 years. NOC Chairman Masoud Suleman announced that the agreements were concluded with many leading global firms, including Spain’s Repsol, Türkiye’s state-owned energy company Türkiye Petrolleri, Italy’s …