Libya: Agreement Between NOC and Total Endorsing the Group´s Entry into...
(WorldNews Africa)

Paris - Total and National Oil Corporation (NOC), with the agreement of the Government of Libya, signed today an agreement to implement Total`s participation in the Waha concessions, located in the Sirte Basin in Libya. Under the terms of this agreement, Total commits to: Assist NOC in accelerating the development of the Waha concessions by providing its technologies and expertise; by developing the North Gialo and NC 98 fields, which are expected to add production of 180,000 barrels of oil equivalent per day; and by supporting social responsibility programs carried out by NOC in the areas adjacent to oil operations. To that end, Total will finance...