UK-based oil and gas exploration and production company Heritage Oil has acquired a 51% interest in Libya-based Sahara Oil Services for $19.5m.
Heritage said that Sahara Oil has long-term permits and licences to provide onshore and offshore oilfield services in Libya, as well as the rights to own and operate oil and gas licences.
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The acquisition allows the company to explore ways to gain access to key producing fields and other licence opportunities in Libya.
