NOO development timeline

1
Nafusah Development Activities Timeline
Nov 2020 Senior Management Agreement (SMA)
Mar 2013 NOO Established
Apr 2018 Phased Develop 1 agreed by MC
Nov 2016 NOO proposes EPF project
Jul 2017 NOC Rejects EPF Improved Terms
Feb 2019 Medco Intention to Divest
Nov 2015 2nd Party requests Improved Terms
Jul 2019 Phase Develop 2 agreed by MC
Sep 2020 MC Deadlock
Jan 2022 Sole Risk Notification
Mar 2022 Arbitration Commenced
FEED
ITB and Pre-qual
EPF Phased Development Options
Phased Develop Concept 1
Phased Develop Concept 3
Development Studies Medco
Phased Develop Concept 2
Full Field Development
2nd Civil War
July 2014 to Sep 2020