Onshore fields provide the bulk of Libya’s oil and gas production, the sole exception being Agip’s Bouri. The government, however, is keen to step up activity offshore, mindful of Egypt’s drilling success in the Mediterranean. Onshore fields provide the bulk of Libya’s oil and gas production, the sole exception being Agip’s Bouri. The government, however, is keen to step up activity offshore, mindful of Egypt’s drilling success in the Mediterranean. One project newly under way concerns an oilfield with associated gas in offshore block C137, known as the B structure. This will feature North Africa’s second new floating production, storage, and offloading (FPSO) vessel this century, following Coparex’s Isis off Tunisia. Partners in the new development are TotalFinaElf with 37.5%, Germany’s Wintershall with 12.5%, and Libyan National Oil Company (NOC) with the balance. TotalFinaElf affiliate Compagnie des Petroles Total Libya (CPTL) is operating the project, which is based in 83-87 m water depth, 100 km offshore western Libya. Estimated investment is just over $230 million, excluding the lease of the FPSO, although more will be ...