Libya, Turkiye sign geological, geophysical MoU on four offshore areas, NOC says

Reuters
Libya’s National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday. (File)
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  • Discussions were also held regarding conducting a two-dimensional seismic survey

TRIPOLI: Libya’s National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday.

“Discussions were also held regarding conducting a two-dimensional seismic survey (10,000 km long), and processing the data resulting from these surveys within a period not exceeding 9 months,” Libya’s state oil firm said in a statement.

NOC said the agreement was signed in Istanbul by the two companies’ executives., It provided no further details.

Topics: Libya Turkiye National Oil Company Geophysical