In the 1950s, Continental, Marathon, and Amerada formed a coalition in Libya known as what?

In the 1950s, Continental, Marathon, and Amerada formed a coalition in Libya known as what?

• A. Oasis Group
• B. Libyan Oil Coalition
• C. North Africa Pact
• D. Desert Alliance

Answer: (A)

In the 1950s, major oil companies often formed joint ventures to manage exploration and production in new regions. Continental Oil Company (later part of Amoco/now part of BP), Marathon Oil, and Amerada Hess pooled their resources in Libya to operate the concessions together. This alliance was known as the Oasis Group, a name that became the recognized label for their Libyan collaboration. The other options aren’t the historical name used for this trio’s coalition, which is why Oasis Group is the best answer.

In the 1950s, major oil companies often formed joint ventures to manage exploration and production in new regions. Continental Oil Company (later part of Amoco/now part of BP), Marathon Oil, and Amerada Hess pooled their resources in Libya to operate the concessions together. This alliance was known as the Oasis Group, a name that became the recognized label for their Libyan collaboration. The other options aren’t the historical name used for this trio’s coalition, which is why Oasis Group is the best answer.