WIAG signs EPSA agreements with Libya’s NOC

first_imgPetroleum Concessions 96 and 97 converted to EPSA IV standard WIAG signs EPSA agreements with Libya’s NOC. Photo: courtesy of Wintershall Dea/Sammy Naas. Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) today have signed two Exploration and Production Sharing Agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin. Prior to the signing, the Libyan Government had ratified the EPSAs, allowing for an immediate entry into force.The parties agreed to convert WIAG’s Concessions 96 and 97 to the latest EPSA IV contractual standard, taking retroactive economic effect as of 1 January 2008. By converting the concessions to EPSAs, the terms of the EPSA for Area 91 shall last until 2036 and the terms of the EPSA for Area 107 shall last until 2037.WIAG and NOC will establish a joint operating company (JOC) named “Sarir Oil Operations” (51% NOC, 49% WIAG) that following a transitional 6-month period of continued WIAG operatorship shall assume operational responsibility in both contract areas.NOC and WIAG are confident to build a JOC that will operate the fields in a reliable manner and in accordance with good oilfield practices.BackgroundWintershall Dea (formerly Wintershall and DEA) has been involved in the exploration and production of crude oil in Libya since 1958. Its affiliate Wintershall Aktiengesellschaft, a joint venture of Wintershall Dea and Gazprom E&P International, has since 1966 been operating nine oil fields across two concessions in the Sirte Basin, located about 1,000 kilometres southeast of the capital Tripoli in the Al-Wahat municipality. Since 2008, Gazprom E&P International holds a share of 49% in these activities. The most important reservoir is the As-Sarah Field near the oasis settlement of Jakhira.Wintershall Dea also holds a minority participation in the EPSA for the development of Areas 15, 16 & 32 (former C137/Al-Jurf) operated by Mabruk Oil Operations, a joint venture of Total and NOC. Al-Jurf oil field is located offshore in the Mediterranean, stretching along the maritime border of Libya to Tunisia. Furthermore, Wintershall Dea operates Area 58 on the Cyrenaica Plateau as well as Areas 69/70/86/87 (former NC193) and 88/89 (former NC195) in the onshore Sirte Basin, but activities in these areas have been suspended under Force Majeure since 2014. Source: Company Press Releaselast_img read more

Online Shopping Safety Reminders

first_imgStatewide—As you shop for gifts online this holiday season, the Indiana Department of Revenue (IDOR) is urging Hoosiers to take steps to be cyber safe and protect your identity online.IDOR is partnering with the Internal Revenue Service (IRS) to encourage online shoppers to be extra vigilant to help protect their important financial data.The IRS and IDOR offer a variety of tips to help individuals protect themselves while shopping online, including:Avoid unprotected WiFi. Unprotected, public Wi-Fi hotspots may allow cybercriminals to view transactions.Shop at familiar online retailers. Generally, sites with the “s” designation in “https” at the start of the URL are secure. Be sure to also look for the “lock” icon in the browser’s URL bar.Learn to recognize and avoid phishing emails. Look for misspellings and bad grammar. Never click on links or attachments from unknown or suspicious sources and remember, neither IDOR nor the IRS uses email to send or request sensitive information.Use strong and unique passwords. Be sure to use different passwords for each account and use a password manager if necessary. Experts suggest a minimum of 10 characters.Use multi-factor authentication. If it is offered, set up your multi-factor authentication for accounts. This means that users may need a security code, usually sent as a text to a mobile phone, in addition to usernames and passwords.To learn more about how to prevent identity theft, visit www.dor.in.gov.last_img read more

Yannick Bolasie will play against Chelsea following the death of his father

first_img Bolasie’s father followed Palace home and away and it will be the first time he has played without his father’s watching eye. “He has lost his father and of course that affects any human being and any family, and he’s dealing with his family,” Pardew said. “He’ll be involved on Saturday because he wants to be involved. Because his father went to every game. I think that’s good for us, it’ll be good for him and his family. “The player’s welfare is in good shape, he’s in a good frame of mind. We’re very pleased that he’s dealing with it so well.” While Pardew welcomed Bolasie’s return, the Palace boss revealed that Mile Jedinak will miss the final fixture before the two-week international break – and Australia’s 2018 World Cup qualifying games with Bangladesh and Tajikistan. The club captain, 31, limped out of the Capital One Cup win over Shrewsbury in midweek early in the second half because of a hamstring injury. Palace are awaiting the results of a scan to determine the extent of the damage. Pardew said: “Mile has a little hamstring problem and definitely won’t be involved at Chelsea. Press Association Yannick Bolasie has told manager Alan Pardew he is ready to return to the Crystal Palace team following the death of his father. “It looks like he will be out for two-to-three weeks, to me. And he will probably miss the international window, too.” However, goalkeeper Julian Speroni has returned to full fitness after a hand problem but it looks like Alex McCarthy will retain the gloves against Chelsea. “Alex has done really well, I think. And the group of three goalkeepers are competing and that’s keeping Alex exactly where I want him,” said Pardew. “It’s that level of competition that we have in a lot of positions now so they come into the same category as my outfield players. Real competition to get into the side and of course that bodes well for the team.” Bolasie missed last weekend’s home victory against Aston Villa on compassionate grounds, travelling back to his home in DR Congo to be with his family. The 26-year-old winger has returned to London and, according to Pardew, is in a “good frame of mind” and keen to play against Barclays Premier League champions Chelsea at Stamford Bridge on Saturday despite his difficult week. last_img read more