Tripoli: The National Oil Corporation (NOC) announced yesterday that the Italian company "Eni" and the British company "BP" have resumed their exploration activities in Libya after a halt in drilling operations in the onshore area since 2014. It confirmed that the Spanish company "Repsol" is preparing to resume drilling operations in the "Murzuq" basin, while the Austrian company "OMV" will begin its activities in the "Sirte" basin in the coming weeks. According to the NOC, 'Eni' began yesterday implementing its exploration activity in Area 'B' (96/3) in the Ghadames Basin, where the first exploration well 'A1-96/3' (Moamel Al-Hashem) was drilled. This well is the first within the contractual commitment in Area 'B' in the Ghadames Basin, according to the fourth type contracting agreement of 2007. 'Eni' operates the area in partnership with BP and the Libyan Investment Company. For its part, Mellitah Oil and Gas Company is supervising the drilling operations and implementing all activities of this well, du e to its extensive experience in the region after operating and developing its Al Wafa field. According to the NOC, a group of geological formations will be tested in the well, which are expected to contain oil and gas, and the final depth of the well is expected to reach about 10,327 feet (3,147 meters). Source: Libyan News Agency
GTCPrime Signs Off From iFX Expo Hong Kong 2026 After Two Days of Insight and Connection
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