k********n
发帖数: 18523 | 1 And who all might this conference impact? Assuming that OPEC will agree to
boost Libya's quota, a goal of the new Libyan government, a swift push for
increasing production will be in place. In order for the exploration,
production and transportation infrastructure to be rebuilt and expanded,
companies like Halliburton (HAL) and Schlumberger (SLB) will be looking to
take advantage of such necessities. In addition, although companies are
slowly beginning to return to the country, as France's Total S.A. (TOT) did
in late September, there is major uncertainty regarding the issue of how
quickly Libya can return to pre-revolution production figures. As of now,
estimates range from 600,000 to 1,000,000 bbl/day within the next year.
Should the December 14 conference provide a better understanding on this
subject, companies like Hess (HES), Marathon Oil's E&P unit (MRO),
Occidental (OXY) and ConocoPhillips (COP) will be more willing to re-enter
the Libyan oil market, provided that the new NTC government will be
welcoming of foreign entities. | k********n
发帖数: 18523 | |
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