U.S.-headquartered energy giant Chevron has teamed up with Libya’s National Oil Corporation (NOC) for an oil study at an offshore block in Libyan waters.
NOC and Chevron have signed a memorandum of understanding (MoU) for an offshore oil study in Libya’s Block NC146, according to Masoud Suleman, NOC’s Chairman and Engineer.
Block NC146 is described as an unexplored area with encouraging geological indicators that could lead to significant discoveries, helping to strengthen national reserves.
