Verenex’ 2006 budget for Libyan exploration approved
Posted: 02 January 2006
 Send this article
 Print this article
Verenex has unanimously approved a $48 million budget for 2006 Libyan exploration programme particularly in Area 47.
The Company's 50 per cent share of the budgeted expenditures is cost recoverable from the share of future production from Area 47 under terms of the Exploration and Pr oduction Sharing Agreement for the area .
Posted by Editor Pipeline Magazine
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Reflex Publishing ME FZ LLC.
Send press release to info@pipelinedubai.com |
