Libya’s oil still tantalises

Tripoli wants to accelerate the award of exploration territory. A new ? fourth ? version of the country?s Exploration and Production Sharing Agreement (Epsa-4) is to be introduced in the first half of this year; blocks are to be offered for bids individually, instead of in large packages; bid procedures will be made more transparent; a new model contract will be drawn up; and National Oil Corporation (NOC) is to be reorganised, Martin Quinlan writes