OREANDA-NEWS. Gazprom was declared as the hydrocarbon exploration & development tender winner for Block 19 situated in Libya’s Mediterranean Sea offshore.

With 45 bidders involved, the tender was organized by the Libyan National Oil Corporation (NOC).

Gazprom will receive an up to 30-year upstream license for the Block. The project is planned to be funded with over US$ 200 million to be used for geological exploration purposes including for drilling 6 exploration wells.