The LIA said the work was “one of the largest exploratory projects” in Libya, with exploration on- and offshore. A and B are onshore, while C is offshore.
OMV had held its licence under force majeure until September this year. It declared the contractual stoppage in 2014.
The Italian company said it would begin work immediately and expected to complete this in early 2026.
The statement from NPC said it was focused on oil and gas potential in Libya’s maritime area. The agreement also covers training.
The precise number of dead is not yet known. Local media have put the figure at 2,000 dead, but thousands are missing. The Red Crescent has said that 10,000 people are missing.
El Feel was the first to stop, as protestors moved into the facilities, followed shortly after by Sharara. The first field was producing around 70,000 barrels per day, while the second was around 270,000 bpd.
Following Oun’s comments, the GNU on June 29 claimed to have carried out a drone strike on a site used by Russian mercenaries, the Wagner Group.
Libya’s National Oil Corp. (NOC) has denied the allegations that the Sarir facility is providing fuel for Sudan’s RSF. The company is not helping out either side in Sudan, it said.
NOC said it had made “all necessary arrangements” to make up for the loss of gas during the downtime.
The first phase will consist of front-end engineering and design (FEED) works. The second phase, on construction and commissioning, will be agreed at a later stage, Zallaf said.
Aoun said Saied’s comments might refer to the continental shelf, rather than the Bouri field. Tunisia and Libya have established the Joint Oil company to work in this area, although this has not made any progress in recent years.
“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.
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
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.
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
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.
Libya’s National Oil Corp. (NOC) has lifted force majeure at the Brega and Zueitina terminals, allowing in a tanker.
National Oil Corp. (NOC) has declared force majeure at Es Sider and Ras Lanuf, joining the Brega and Zueitina terminals.