London, UK (PRWEB UK) 27 February 2014
Libya's National Oil Corporation (NOC) officially endorse the 3rd Annual New Libya Oil & Gas Forum 2014.
On the 29th & 30th of May 2014, key figures from Libya's Oil and Gas industry will come to London to meet with international players and prospective investors. Oliver Kinross with co-organisers IRN and Barcah group are proud to announce that the 3rd Annual New Libya Oil & Gas Forum is officially endorsed by the National Oil Corporation of Libya.
Libya continues to yield large Oil & Gas discoveries with the most recent being reported by The Polish Oil & Gas Company Libya (POGC) with their Gas discovery in the Murzuk Basin. According to the National Oil Corporation and PGNIG the discovery is estimated to have a daily production rate of four million cubic feet. There are also reports that Libya is planning to build the country's first refineries which will considerably develop and advance the Oil & Gas sector.
The organisers of the 3rd New Libya Oil & Gas Forum are also pleased to confirm that there will be a delegation from the National Oil Corporation as well as top Libyan Government Officials both presenting and attending the two day senior level meeting. Discussions will look at the 2014 licensing round, timing, fiscal and contractual terms for future exploration in Libya as well an extensive exclusive geological look Libya's onshore and offshore prospectivity.
The 3rd Annual New Libya Oil & Gas Forum will be sponsored by the International Human Resources Development Corporation; IHRDC, the global leader in the provision of environmental, industrial and emergency solutions; NRC, and the British Arab Commercial Bank; BACB. Official supporters of the forum are the Middle East Association and the Libyan British Business Council.