BP says to start oil exploration in Libya at beginning of 2019
British Petroleum (BP) expects to begin exploration with Italian oil major Eni in Libya in the first quarter of next year, CEO Bob Dudley told Reuters on Thursday.
“I’m not sure about this year since it takes time to set up offshore rigs but Q1 for sure,” Dudley said on the sidelines of the Eurasian Economic Forum in Verona.
Eni agreed in October to buy half of BP’s 85 percent stake in a Libyan oil and gas licence and become the operator of the exploration and production sharing agreement in the country.
Dudley said the agreement with Eni did not mean BP was thinking of pulling out of Libya.
“We remain committed and have plans to expand,” he said.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to firstname.lastname@example.org. Please include ‘Op-Ed’ in the subject line.
- AU, UN reiterates support to negotiated political settlement in Libya - December 06, 2022
- World Cup: Morocco knocks out Spain - December 06, 2022
- Al Jazeera files lawsuit at ICC over Israel’s killing of journalist - December 06, 2022