OREANDA-NEWS. December 11, 2007. Gazprom was declared as the hydrocarbon exploration & development tender winner for onshore Block 64 (Blocks 1, 2 and 3) located in the Libyan Ghadames Basin.

With 16 bidders involved, the tender was organized by the Libyan National Oil Corporation (NOC).

The project is planned to be funded with over US$ 100 mln to be used for geological exploration purposes. According to the preliminary estimations the Block 64 oil reserves are 20 mln tons.