Friday, December 30, 2005

Oil: Woodside to start oil exploration in Libya

Woodside Petroleum Ltd is to start exploration well next month in Libya.

The Age, reports that the $194 million project will take place in the onshore Murzuq Basin, 1500 km south-west of Tripoli, with a separate seven well program to be drilled in the onshore portion of the Sirte Basin.
Woodside, is 34% owned by Royal Dutch Shell.