Libya and Chevron Partner to Assess Shale Resources
Libya and Chevron signed a memorandum to study shale reserves today. Estimates suggest 123 trillion cubic feet of gas and 18 billion barrels of oil are present.
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Libya and CHEVRON CORP signed a memorandum of understanding on April 28 to assess 123 trillion cubic feet of shale gas and 18 billion barrels of oil. The agreement initiates a joint study of sedimentary basins to quantify the North African nation's unconventional energy potential.