Dr. Shukri Ghanem, chairman of Libya's NOC, met on Monday 20th April 2009 with Mr. Makoto Koseki President and CEO of NOEX, meeting was also attended by Mr. Ali Saleh NOC's General Manager, Mr. Azzam Ali Elmesallati Members of the Management Committee and Mr. Khalifa Ben Gharbia chairman of the management committee of Nippon in Libya.
During the meeting both parties discussed various subjects with regard to the mutual interests between NOC and NOEX and the progress of merger between two Nippon Oil companies. They, furthermore, discussed the exploration projects which are undergoing by Nippon Libya in which the company announced the successful completion of the seismic operation and the start of drilling in its first well on 15th April 2009.
Since the execution of the Exploration and Production Sharing Agreement in 2005 in which NOC has 92% and the remaining belongs to the Japanese company , NOEX has been conducting exploration activities in Libya, the company won, in the 2nd round, a sharing agreement onshore for Area 2 Blocks 2-1/2 and 40-3/4 about the city of Sabratha. NOEX is working with Japex Libya.
Source: NOC
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