By Sami Zaptia.
Tripoli, 18 September 2013:
Speaking today on the second and final day of the CWC Libya Forum on oil and . . .[restrict]gas in Tripoli, Mark Berber of KPMG said that there has been a strong trend towards joint venture (JVs) projects over the last 5 years and that this trend will be reflected in Libya’s oil and gas sector between Libya’s National Oil Corporation (NOC) and midsized companies.
Berber said that unconventional oil and gas gives more opportunities to mid-sized companies which could therefore give Libya more choice and options of partners.
However, he added that while JVs in unconventionals can offer more rewards for NOC’s, it nevertheless can carry more risks for them.
Berber said that JVs have to be tailor made and appropriately planned and set up for the particular partners to be effective. [/restrict]