OMV had held its licence under force majeure until September this year. It declared the contractual stoppage in 2014.
The statement from NPC said it was focused on oil and gas potential in Libya’s maritime area. The agreement also covers training.
“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
Libya’s National Oil Corp. (NOC) has called on international oil and gas companies to resume work as it aims to boost production.
Libya’s Tripoli-based government has recalled its ambassador to Greece, among widening political tensions.
Libya’s National Oil Corp. (NOC) chairman Farhat Bengdara has visited the heads of Eni and TotalEnergies in their home offices, seeking new investments.
Libya reached production of 1.211 million barrels per day as of August 16, a near doubling from reported volumes in July.
National Oil Corp.’s (NOC) Zallaf Exploration and Production subsidiary is making plans to relocate its headquarters to the country’s south.
The new head of Libya’s National Oil Corp. (NOC) has overseen the relaunch of gas production at Al Faregh and new talks with Waha Oil, paving the way for more production.
Libyan exports appear to be restarting following the appointment of a new chairman to state-owned National Oil Corp. (NOC).
Pandemonium has broken out at the Tripoli headquarters of National Oil Corp. (NOC) with the arrival of a new chairman, while the incumbent refuses to quit.