Oil Major Total expands in Libya, Buys Marathon's Waha Stake For $450 Million

[Petar + 76]

French energy company Total substantially raised its presence in Libya with the purchase of a 16.33 percent stake in Libya’s Waha concessions from U.S. Marathon Oil for $450 million. Total has been in Libya for decades and holds a production share of 31,500 boe/d in 2017 from concessions in the offshore Al Jurf field and the onshore Sharara field.

[damirUSBiH + 327]

Libya - oil haven for big players...No surprises

[Missy + 43]

I'm sure the reward is great, but the risks seem particularly great as well. There is a Libya shutdown every time I turn around.