The Farigh field is located to the south of the giant Amal field in the Sirte Basin. Production from the field started in 1969. The field was originally part of the Concession 12 contract area now known as the EPSA East contract. As part of contract extension agreements for Petro Canada's Libyan acreage made in 2008 the Farigh field was transferred over to the new EPSA South East contract. In June 2008 Petro Canada signed new contracts for its Libyan concessions whereby existing concession licences were converted to EPSA IV terms and a 30 year licence extension was granted. There are now six EPSA contracts areas (EPSA North EPSA West EPSA Central EPSA East EPSA South East and EPSA South) five of which are producing. Petro Canada paid a US$1 billion non recoverable signature bonus as part of the deal over a five year period. The new terms took effect from January 2008.