NOC discusses with BP and Eni resumption of oil exploration activities

BY Libyan Express Apr 26, 2018 - 18:12 Updated: Apr 26, 2018 - 22:31

The Libyan National Oil Corporation (NOC) held discussions with BP and Eni about resuming exploration activity in the country, a statement on its website said on Thursday.

“Both BP and Eni expressed their desire to quickly return to Libya to resume suspended exploration activities,” NOC added in the statement, alluding to discussions held in Tripoli on Wednesday.

NOC confirmed its willingness to provide all needed assistance to enable both companies to resume operations, the statement reads.

BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns following Libya’s 2011 revolution.

Italy’s Eni has stakes in onshore and offshore oil and gas production in Libya through Mellitah, a joint venture between Eni and NOC.

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