Oil & Gas Journal: Shell starts seismic survey in Libya: “A long-term agreement Shell signed in May 2003 with National Oil Corp. gave the company gas exploration rights on five onshore blocks totalling 20,000 sq km. Shell plans to invest at least $187 million in exploration, starting with acquisition of 2D and 3D seismic data.”: Wednesday 19 October 2005

By OGJ editors

HOUSTON, Oct. 19 -- Shell Exploration & Production GMBH began a land seismic survey in the coastal Sirte basin near Marsa Al-Brega and hopes to start exploratory drilling in late 2006-early 2007.

A long-term agreement Shell signed in May 2003 with National Oil Corp. gave the company gas exploration rights on five onshore blocks totaling 20,000 sq km. Shell plans to invest at least $187 million in exploration, starting with acquisition of 2D and 3D seismic data.

Under another segment of the agreement, Shell will invest $105-450 million to rejuvenate and upgrade in phases the Marsa Al-Brega LNG plant on the Gulf of Sidra coast and eventually hike plant output to 3.2 million tonnes/year from 0.7 tonnes/year. Preparations for the rejuvenation are on schedule, Shell said.

Shell and NOC will jointly develop a new liquefaction plant if enough gas becomes available. NOC affiliate Sirte Oil & Gas Production & Manufacturing Co. operates the plant with gas from the Sirte basin.

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