NOC Chairman Suleiman meets with Aiteo representatives on Murzuq Basin exploration
via Libya Herald1 min read
Libya's National Oil Corporation NOC Chairman, Masoud Suleiman, met with representatives from the Nigerian company Aiteo. Aiteo was a successful bidder in the public tender round, securing Block M1 in the Murzuq Basin for exploration. The discussions focused on Aiteo's plans for a comprehensive exploration program, which includes seismic surveys, drilling multiple wells, and developing existing discoveries within the block. Aiteo confirmed its commitment to the agreed work program and has started establishing a branch in Libya and registering with the Ministry of Economy. This is in preparation for signing a production-sharing agreement with the NOC. Suleiman stated that the meeting is part of ongoing efforts to monitor the progress of companies that won public tender bids and to strengthen the exploration sector to support the Libyan economy.
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