Heritage insists Libyan deal is still on

Heritage Oil has countered claims that its purchase of a Libyan oil firm did not take place, blaming “crossed wires” for the confusion. Yesterday the UK firm announced that it had bought a 51% stake in Sahara Oil Services Holdings, but an official from Libya’s National Oil Company (NOC) told Reuters today that it was […]

UK firm lunges for Libyan oil

Explorer and producer Heritage Oil has bought a 51% interest in the Sahara Oil Services Holdings Limited which could give it access to Libyan oil fields. SOSH owns the Benghazi-based Sahara Oil Services, which holds long-term licences to work on oil fields in Libya, for both onshore and offshore drilling. As the Middle Eastern country […]