BP, Eni to start exploratory drilling in Libya in first quarter of 2019
British Petroleum and its Italian partner Eni are expected to start exploratory drilling in Libya early in the first quarter of 2019, according to the chairman of the country’s National Oil Company Mustafa Sanallah.
“The first well will be drilled at the beginning of the first quarter,” Mustafa Sanallah told the Telegraph.
“I’m optimistic. The Italians are courageous and have experience on the ground, but the return of BP is the most important thing.
“It sends a strong signal to other international oil companies that the Libyan market is promising.” He added, according to The Telegraph.
The UK-listed oil company’s return to Libya comes seven years after its exploration programme was interrupted in 2011.
BP’s comeback was preceded by a deal to sell 42.5pc of its 85pc stake in an exploration license that covers three areas — two onshore sites in the Ghadames basin and one offshore area in the Sirt basin — to Eni.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to email@example.com. Please include ‘Op-Ed’ in the subject line.
- Tripolitania Society says 6+6 committee’s outcomes are arbitrary - June 09, 2023
- Minister of Labour reaffirms government’s social justice efforts - June 09, 2023
- Meloni: Libya remains a strategic partner for Italy - June 08, 2023