Tue Feb 19, 2008 6:52am EST
TRIPOLI, Feb 19 (Reuters) – Libya’s state-owned National Oil Corporation (NOC) ratified gas-focused exploration accords with Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and Occidental Petroleum Corp (OXY.N: Quote, Profile, Research) on Tuesday, detailing the firms’ commitments, NOC said.
Under one deal, Shell will undertake a three-dimensional seismic survey over 1,750 square km in contract area 89 in the Sirte Basin, it said.
Shell will also drill six wells, invest at least $95 million and pay NOC $103 million for permit rights, NOC said.
The second deal commits Occidental, in alliance with the United Arab Emirates firm Liwa, to carry out a two-dimensional seismic survey over 2,000 square km and a 3D survey on 1,000 square km on contract block 103 in Sirte Basin.
The alliance led by Occidental will drill three wells and invest a minimum of $70 million and pay $10 million for permit rights, NOC added.
Shell and Occidental are among foreign companies that won gas exploration permits early in December in Libya’s first gas-focused exploration round.
The gas round follows three previous exploration rounds focused on oil since the lifting of international sanctions against Libya.
Libya aims to become a major gas producer and increase production to 3 billion cubic feet per day (bcfd) by 2010, with a potential for 3.8 bcfd by 2015 versus 2.7 bcfd now.
Demand for Libyan gas has been boosted as Europe seeks to curb dependence on Russia and because gas produces relatively few of the carbon emissions blamed for global warming.
(Reporting by Salah Sarrar, editing by Anthony Barker)
© Reuters 2008 All rights reserved
http://www.reuters.com/article/companyNews/idUSL1976366020080219
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
















Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.














IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:


MORE DETAILS:












A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































