Concession 58 is located about 240 kilometers east of the Libyan city of Benghazi and is subdivided into four partial blocks comprising a total area of 10,289 square kilometers. RWE Dea has been awarded 100% of the concession and is the operator.
As a minimum commitment, the work program for the following five years comprises the acquisition of 4,600 kilometers of 2D seismic data and the drilling of two exploratory wells with a view to examining the gas potential in the area.
RWE Dea has been active as an operator in Libya since June 2003 in six 100%-owned concessions. The concessions, totaling more than 30,000 square kilometers, are located in the Sirte basin on the Cyrenaica plateau and in the Kufra basin.
The new agreement for concession 58 will give RWE Dea further opportunity to extend its strategic position in Libya and to continue its long-term co-operation with the state-owned National Oil Corporation in the field of the exploration and production of hydrocarbons.
