No. Had you read more carefully, you would have noted that I also pointed out that about 80% plus of the areas being explored.... are in the EAST. There have been massive amounts of land granted for leases/exploration, but the vast majority is just south east of the Sirte field.
But regardless.... do you really think the western contingent would give up the CURRENT production and proven reserves? What other revenue stream does Libya have? 80% of governmental revenue comes from oil. It is 25% of the country's GDP and 95% of its exports earnings.
They will have little choice as far as I can see, anyway I'm sure that the line can be bent to give them more of the proven reserves. I can see no way that the west and east will ever be reconciled, it is similar to the situation with the Kurds in Iraq. I suggest also that you read this from eoearth.org
Recent Field Discoveries and Developments
With reserve replacement slipping since the 1970s, and with state-operated oil fields undergoing a 7-8 percent natural decline rate,
Libya's challenge is maintaining production at mature fields (Brega, Sarir, Sirtica, Waha, Zueitina) while finding new oil and developing new discoveries.
The el-Bouri oilfield off Libya's western coast is the largest producing oilfield, with output estimated around 60,000 bbl/d. Italy's Eni is the developer of the field, discovered in 1976 at a depth of 8,700 feet and estimated to contain two billion barrels of proven recoverable crude oil reserves. The first phase of field development, costing $2 billion, was completed in 1990, with el-Bouri producing about 150,000 bbl/d in 1995, followed by a sharp decline thereafter. This decline was due largely to an inability to import EOR equipment under U.N. sanctions, and possibly could be reversed with an infusion of investment. Besides oil, el-Bouri also contains large volumes of associated natural gas.
Since the discovery of el-Bouri field, there have been a series of oil finds at various Libyan blocks. Generally speaking, the most significant of these discoveries have been in the Murzuq basin, in the Sahara south of Tripoli. The El Sharara field, for instance, is currently producing around 200,000 bbl/d. Repsol YPF leads a European consortium – also consisting of OMV, Total and Norsk Hydro – at the field. Original expectations had been that El Sharara's output of light (44o API), sweet (less than 0.6 percent sulphur content) crude production would reach 200,000 bbl/d by the end of 1998, but various problems, including difficulties with the pipeline to the port of Az Zawiya, delayed achievement of this target. Currently, oil from El Sharara is being processed by the Az Zawiya refinery.
In October 1997, an international consortium led by
British company Lasmo, along with Eni and a group of five South Korean companies (led by Korea National Oil Corp., replacing Pedco, and including Hyundai), announced that it had discovered large recoverable crude reserves (around 700 million barrels) at the NC-174 Block, 465 miles south of Tripoli, also in Murzuq. Lasmo, which was purchased by Eni in 2001 after a deal with Amerada Hess fell through, estimated that production from the field, called Elephant, would cost around $1 per barrel (Repsol YPF's Murzuq/El Sharara field, with its 30-inch pipeline to the coast, is located only 40 miles to the north). Elephant originally was due to begin production late in 2000 at around 50,000 bbl/d, and to utilize an existing 30-inch pipeline located 42 miles to the north. Production was delayed due to bureaucratic obstacles, with the field finally starting up in February 2004 at around 10,000 bbl/d. Elephant is expected to reach full capacity of 150,000 bbl/d by the end of 2006.
In August 2003, Total announced that it had started production at the Al Jurf offshore oilfield in Block 137. Estimated output at Al Jurf is around 40,000 bbl/d. Total holds a 37.5 percent share in the field, along with NOC (50 percent) and Germany's Wintershall (12.5 percent). In October 2004, Wintershall said that it would spend $400 million in Libya by the end of 2006 exploring for new oil and gas fields.
http://www.eoearth.org/article/Energy_profile_of_Libya