National Oil Corporation - ANNOUNCEMENT OF AN OIL DISCOVERY IN THE EXPLORATION WELL UU1-71

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ANNOUNCEMENT OF A NEW OIL DISCOVERY National Oil Corporation (NOC), Sonatrach (SIPEX) Libya (Operator) , Oil India, and Indian Oil being partners in an Exploration and Sharing agreement in area 95/96 signed in May 2008, report initial information concerning the exploration (New Field Wildcat) well A1-96/01 drilled in contract area 95/96 in Ghadames Basin. The well is located approximately 360 km southwest of Tripoli and 70 km south of El-wafa Field.

The initial production test results from the Carboniferous Tahara Formation are as follow:

Chairman of NOC meets with Chairman of Total On Tuesday 29/01/2013 Dr. Nuri Balrwin Chairman of NOC met with

Mr. Christophe de Margerie, Chairman and CEO of French oil and gas company Total S.A and the delegation accompanying him.

The two sides discussed ways of cooperation in oil and gas activity, especially in exploration field, whereas the company has exploration areas that it had won during public bid rounds as well as ways to develop production that carried out by Mabrouk Oil Operations which operates on behalf of NOC and Total.

Confrontation of Oil Spills Workshop In the efforts of NOC to highlight the environmental problems associated with the production operation and manufacturing of oil and gas and to take measures, procedures and solutions to prevent or minimize their occurrence, transfer of knowledge and benefit from the experiences of companies operating in the oil sector,

a workshop was held under the supervision of the National Oil Corporation and in collaboration with BP. a On 21-22/01/2013 in Corinthia hotel in Tripoli entitled (Confrontation of oil spills)

NOC meeting with British trade mission for Energy Industries Council EIC on Monday, 21.01.2013 a meeting was held between

members of trade mission for British Energy Industries Council (EIC) headed by Mr. Terry Willis and Mr. Abul Qasim Shanger member of the management committee of NOC, a number of oil companies directors , managers of departments in NOC as well as a large number of experts and specialists from the ministry , NOC and the oil companies.

In the opening speech Mr. Shanger welcomed the Council, and all the attendance, whereas stressed that business and investment opportunities in Libya are large and available to British companies, similar to other global companies, he also clarified that a large number of trainees from the oil sector are in Britain.

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Meeting for the development of Zawia oil and commercial port On Saturday 19.01.2013 a meeting was held between

Minister of Oil and Gas H.E Dr. Abdul Bari Laroussi and Minister of Communications and Transport H.E AbdulQader Mohammed Ahmed, the meeting addressed the development and expansion of Zawia commercial and oil port to increase its capacity.

The two parties agreed to intensify efforts and to have meeting between the experts periodically in order to build new Libya.

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