Exploration and Production Sharing Agreement (EPSA) between National Oil Corporation and Verenex Energy Area 47 Libya Limited and Medco International Ventures Limited - Contract Area 47
Country
Year
2005
Summary
Note: On 15 March 2022, Medco International Ventures Limited (MIVL) commenced an ICC arbitration against the National Oil Company of Libya (the "NOC") to enforce its contractual rights under an Exploration and Production Sharing Agreement ("EPSA") and to protect MIVL's right to benefit from its investment in Area 47, in Libya. (Source: Interim Consolidated Financial Statements as of March 31, 2022 and for the Three-Month Period then Ended)