Libya's NOC signed a memorandum of understanding with Chevron to conduct a joint study of shale oil and gas reserves across several sedimentary basins. The agreement is exploratory and does not commit to production or investment, so the immediate market impact is limited. It is a constructive step for Libya's upstream sector and Chevron's optionality in the country.
Libya's NOC signed a memorandum of understanding with Chevron to conduct a joint study of shale oil and gas reserves across several sedimentary basins. The agreement is exploratory and does not commit to production or investment, so the immediate market impact is limited. It is a constructive step for Libya's upstream sector and Chevron's optionality in the country.
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